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 20 2024
This week the median list price for Bristol, RI 02809 is $882,000 with the market action index hovering around 61. This is an increase over last month's market action index of 56. Inventory has held steady at or around 18. Click here to stay informed with the Bristol market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Bristol, RI 02809

Sat Jul 20 2024
This week the median list price for Bristol, RI 02809 is $882,000 with the market action index hovering around 61. This is an increase over last month's market action index of 56. Inventory has held steady at or around 18. Click here to stay informed with the Bristol market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $882,000
Median Price of New Listings $599,900
Per Square Foot $393
Average Days on Market 18
Median Days on Market 14
Price Decreased 28%
Price Increased 6%
Relisted 28%
Inventory 18
Median Rent
Market Action 61
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$6,099,500 6,464 1 - 2.5 acres 5 7.5 28 1 0 28
$1,209,950 3,284 0.5 - 1 acre 5 4 33 0 0 10
$849,000 2,128 0.25 - 0.5 acre 3 2 65 1 2 21
$530,000 1,316 6,500 - 8,000 sqft 3 1 62 1 1 7