This Week's Real Estate Market Report

Middletown, RI 02842

Single-Family Homes

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



Middletown, RI 02842

Fri Sep 20 2019
This week the median list price for Middletown, RI 02842 is $559,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 47. 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.

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

Fri Sep 20 2019
This week the median list price for Middletown, RI 02842 is $559,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 47. 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.

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 $559,000
Per Square Foot $301
Days on Market 136
Price Decreased 36%
Price Increased 0%
Relisted 11%
Inventory 47
Median House Rent $2,200
Most Expensive $16,000,000
Least Expensive $95,000
Market Action Index
Slight Seller's Advantage
37

We continue to see prices in this zip code bouncing around this plateau. 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
$2,995,000 4,482 1 - 2.5 acres 4 4 27 0 0 346
$857,450 2,340 0.25 - 0.5 acre 4 3 51 1 2 75
$507,000 1,831 8,000 - 10,000 sqft 3 2 50 2 2 35
$334,450 1,138 0.25 - 0.5 acre 3 1 73 2 2 104