This Week's Real Estate Market Report

Bristol, RI

Single-Family Homes

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



Bristol, RI

Sat Aug 17 2019
This week the median list price for Bristol, RI is $475,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Bristol, RI

Sat Aug 17 2019
This week the median list price for Bristol, RI is $475,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bristol market.
Median List Price $475,000
Per Square Foot $273
Days on Market 186
Price Decreased 33%
Price Increased 5%
Relisted 30%
Inventory 43
Median House Rent
Most Expensive $8,500,000
Least Expensive $229,000
Market Action Index
Slight Seller's Advantage
36

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,897,500 4,715 1 - 2.5 acres 5 4 12 1 0 273
$665,000 2,376 0.25 - 0.5 acre 4 3 24 2 1 194
$399,900 1,966 0.25 - 0.5 acre 3 2 44 2 1 67
$299,900 1,083 6,500 - 8,000 sqft 3 1 62 2 1 217