This Week's Real Estate Market Report

Bristol, RI 02809

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Bristol, RI 02809

Fri Sep 20 2019
This week the median list price for Bristol, RI 02809 is $399,450 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 42. 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.

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.

Bristol, RI 02809

Fri Sep 20 2019
This week the median list price for Bristol, RI 02809 is $399,450 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 42. 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.

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 Bristol market.
Median List Price $399,450
Per Square Foot $254
Days on Market 147
Price Decreased 26%
Price Increased 0%
Relisted 24%
Inventory 42
Median House Rent $2,600
Most Expensive $8,500,000
Least Expensive $239,900
Market Action Index
Slight Seller's Advantage
33

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
$1,972,500 4,137 1 - 2.5 acres 5 4 18 0 0 308
$527,000 2,070 0.25 - 0.5 acre 4 2 24 3 1 53
$379,000 1,828 0.25 - 0.5 acre 3 2 49 1 0 147
$285,000 1,080 8,000 - 10,000 sqft 3 1 59 2 2 87