This Week's Real Estate Market Report

Middletown, RI 02842

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com



Middletown, RI 02842

Tue Sep 28 2021
This week the median list price for Middletown, RI 02842 is $899,000 with the market action index hovering around 56. This is less than last month's market action index of 63. Inventory has decreased to 17. Click here to stay informed with the Middletown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Middletown, RI 02842

Tue Sep 28 2021
This week the median list price for Middletown, RI 02842 is $899,000 with the market action index hovering around 56. This is less than last month's market action index of 63. Inventory has decreased to 17. Click here to stay informed with the Middletown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $899,000
Median Price of New Listings $447,500
Per Square Foot $378
Average Days on Market 53
Median Days on Market 49
Price Decreased 53%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent $3,200
Market Action 56
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,872,500 4,493 0.5 - 1 acre 5 5 4 0 1 49
$1,412,000 3,234 0.25 - 0.5 acre 4 3 22 0 0 49
$599,450 2,278 0.25 - 0.5 acre 4 2 49 0 0 49
$425,000 1,116 0.25 - 0.5 acre 3 1 86 2 1 56