Thu Feb 27 2020
This week the median list price for Middletown, RI 02842 is $649,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 31.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$649,000|
|Per Square Foot||$325|
|Days on Market||203|
|Slight Seller's Advantage|
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,495,000||3,860||1 - 2.5 acres||4||3||72||2||1||461|
|$785,000||2,477||0.25 - 0.5 acre||3||2||25||1||0||98|
|$524,950||1,430||0.25 - 0.5 acre||4||2||40||1||1||157|
|$364,450||1,180||6,500 - 8,000 sqft||3||1||75||1||1||128|