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 Jul 16 2024
This week the median list price for Middletown, RI 02842 is $1,325,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has increased to 21. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Middletown, RI 02842

Tue Jul 16 2024
This week the median list price for Middletown, RI 02842 is $1,325,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has increased to 21. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Middletown market.
Median List Price $1,325,000
Median Price of New Listings $825,000
Per Square Foot $641
Average Days on Market 38
Median Days on Market 42
Price Decreased 29%
Price Increased 5%
Relisted 10%
Inventory 21
Median Rent
Market Action 48
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$5,400,000 6,988 1 - 2.5 acres 5 5 10 0 1 49
$1,745,000 3,063 1 - 2.5 acres 4 3.5 84 0 1 49
$1,150,000 2,060 0.25 - 0.5 acre 3 2 104 0 0 49
$807,450 1,537 8,000 - 10,000 sqft 2 2 70 3 2 10