Condo Market Newport

Middletown, RI 02842

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com


Middletown, RI 02842

Wed Mar 20 2019
This week the median list price for Middletown, RI 02842 is $569,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 41. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Middletown, RI 02842

Wed Mar 20 2019
This week the median list price for Middletown, RI 02842 is $569,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 41. Click here to stay informed with the Middletown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $569,000
Per Square Foot $301
Days on Market 166
Price Decreased 34%
Price Increased 0%
Relisted 5%
Inventory 41
Median House Rent
Most Expensive $4,395,000
Least Expensive $285,000
Market Action Index
Slight Seller's Advantage 		31

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,585,000 4,521 1 - 2.5 acres 4 3 25 1 0 308
$662,000 2,504 0.5 - 1 acre 4 3 19 1 0 82
$467,000 2,084 0.5 - 1 acre 3 2 31 1 2 120
$369,000 1,214 0.25 - 0.5 acre 3 2 63 2 2 155