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 Dec 21 2024
This week the median list price for Bristol, RI 02809 is $822,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has decreased to 16. 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

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Bristol, RI 02809

Sat Dec 21 2024
This week the median list price for Bristol, RI 02809 is $822,000 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has decreased to 16. 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

Market Narrative

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $822,000
Median Price of New Listings $594,000
Per Square Foot $361
Average Days on Market 70
Median Days on Market 56
Price Decreased 25%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$2,747,500 3,727 1 - 2.5 acres 3 3.3 60 0 0 84
$1,275,000 3,491 0.25 - 0.5 acre 5 3.8 36 0 0 126
$654,450 1,952 8,000 - 10,000 sqft 3 2.5 66 1 1 31
$517,000 1,809 6,500 - 8,000 sqft 4 2 72 1 1 42