Single-Family Homes
Tue Oct 08 2024
This week the median list price for Middletown, RI 02842 is $990,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $990,000 | |
Median Price of New Listings | $1,967,500 | |
Per Square Foot | $474 | |
Average Days on Market | 55 | |
Median Days on Market | 49 | |
Price Decreased | 41% | |
Price Increased | 0% | |
Relisted | 12% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 43 | |
Slight Seller's Advantage |
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,637,500 | 7,798 | 1 - 2.5 acres | 5 | 6.5 | 50 | 1 | 1 | 77 |
$1,797,500 | 3,202 | 0.25 - 0.5 acre | 5 | 4 | 100 | 0 | 0 | 77 |
$877,000 | 2,200 | 0.25 - 0.5 acre | 3 | 2.5 | 53 | 0 | 2 | 28 |
$749,000 | 1,800 | 4,500 - 6,500 sqft | 3 | 2 | 61 | 1 | 0 | 14 |