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
Tue May 21 2019
This week the median list price for Bristol, RI 02809 is $399,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 55.
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
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $399,000 | |
| Per Square Foot | $240 | |
| Days on Market | 139 | |
| Price Decreased | 27% | |
| Price Increased | 4% | |
| Relisted | 25% | |
| Inventory | 55 | |
| Median House Rent | ||
| Most Expensive | $8,500,000 | |
| Least Expensive | $120,000 | |
| Market Action Index Slight Seller's Advantage | 34 |
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $1,950,000 | 3,572 | 0.5 - 1 acre | 4 | 3 | 19 | 1 | 1 | 280 |
| $467,200 | 1,977 | 0.25 - 0.5 acre | 3 | 2 | 39 | 7 | 2 | 54 |
| $347,400 | 1,689 | 0.25 - 0.5 acre | 3 | 2 | 59 | 1 | 1 | 134 |
| $291,950 | 1,080 | 8,000 - 10,000 sqft | 3 | 1 | 72 | 4 | 0 | 97 |