This Week's Real Estate Market Report
Bristol, RI 02809
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Bristol, RI 02809
Sat Jul 11 2020
This week the median list price for Bristol, RI 02809 is $547,450 with the market action index hovering around 40. This is an increase over last month's market action index of 34. Inventory has held steady at or around 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $547,450 | |
| Per Square Foot | $292 | |
| Days on Market | 187 | |
| Price Decreased | 23% | |
| Price Increased | 3% | |
| Relisted | 20% | |
| Inventory | 30 | |
| Median Rent | ||
| Most Expensive | $5,750,000 | |
| Least Expensive | $164,900 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,100,000 | 4,542 | 1 - 2.5 acres | 4 | 4 | 32 | 0 | 1 | 97 |
| $729,000 | 2,544 | 0.25 - 0.5 acre | 3 | 2 | 19 | 1 | 1 | 101 |
| $496,750 | 1,878 | 0.25 - 0.5 acre | 3 | 2 | 48 | 1 | 1 | 154 |
| $332,400 | 1,270 | 6,500 - 8,000 sqft | 2 | 1 | 70 | 1 | 3 | 374 |