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

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. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

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. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $649,000
Per Square Foot $325
Days on Market 203
Price Decreased 23%
Price Increased 3%
Relisted 16%
Inventory 31
Median Rent
Most Expensive $3,395,000
Least Expensive $199,900
Market Action 34
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.

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
$2,495,000 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