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 Oct 16 2021
This week the median list price for Bristol, RI 02809 is $549,000 with the market action index hovering around 46. This is less than last month's market action index of 56. Inventory has increased to 29. 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

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.

Bristol, RI 02809

Sat Oct 16 2021
This week the median list price for Bristol, RI 02809 is $549,000 with the market action index hovering around 46. This is less than last month's market action index of 56. Inventory has increased to 29. 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

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 Bristol market.
Median List Price $549,000
Median Price of New Listings $499,900
Per Square Foot $307
Average Days on Market 123
Median Days on Market 56
Price Decreased 34%
Price Increased 0%
Relisted 31%
Inventory 29
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,099,000 2,985 0.5 - 1 acre 4 3 24 0 2 63
$599,000 2,380 0.25 - 0.5 acre 4 2 31 1 2 77
$499,900 1,784 0.25 - 0.5 acre 3 2 48 1 0 56
$359,000 1,369 8,000 - 10,000 sqft 3 1 68 1 3 49