Custom Rhode Island Market Report

Bristol, RI 02809

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com


Bristol, RI 02809

Thu Jan 17 2019
This week the median list price for Bristol, RI 02809 is $399,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 35. Click here to stay informed with the Bristol market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Bristol, RI 02809

Thu Jan 17 2019
This week the median list price for Bristol, RI 02809 is $399,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 35. Click here to stay informed with the Bristol market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $399,000
Per Square Foot $259
Days on Market 224
Price Decreased 43%
Price Increased 3%
Relisted 34%
Inventory 35
Median House Rent $2,200
Most Expensive $8,500,000
Least Expensive $225,000
Market Action Index
Slight Seller's Advantage 		30

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
$3,229,500 5,935 2.5 - 5 acres 5 5 12 0 0 356
$595,000 2,764 0.25 - 0.5 acre 4 2 48 2 2 286
$349,500 1,680 4,500 - 6,500 sqft 3 1 74 1 2 159
$299,900 1,125 6,500 - 8,000 sqft 3 1 59 0 2 112