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

Wed May 22 2024
This week the median list price for Bristol, RI 02809 is $709,450 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has increased to 18. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Bristol, RI 02809

Wed May 22 2024
This week the median list price for Bristol, RI 02809 is $709,450 with the market action index hovering around 57. This is less than last month's market action index of 62. Inventory has increased to 18. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $709,450
Median Price of New Listings $549,500
Per Square Foot $380
Average Days on Market 72
Median Days on Market 14
Price Decreased 28%
Price Increased 6%
Relisted 11%
Inventory 18
Median Rent
Market Action 57
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
$6,147,500 5,296 1 - 2.5 acres 5 8 31 0 0 35
$972,450 2,583 0.5 - 1 acre 4 2 60 1 0 24
$600,000 1,854 0.25 - 0.5 acre 3 2 56 2 1 14
$449,000 1,252 6,500 - 8,000 sqft 3 1 71 3 2 0