This Week's Real Estate Market Report

Bristol, RI

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com



Bristol, RI

Tue Oct 19 2021
This week the median list price for Bristol, RI is $579,000 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 26. 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 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

Tue Oct 19 2021
This week the median list price for Bristol, RI is $579,000 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 26. 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 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 $579,000
Median Price of New Listings $849,000
Per Square Foot $305
Average Days on Market 129
Median Days on Market 56
Price Decreased 42%
Price Increased 0%
Relisted 35%
Inventory 26
Median Rent $1,700
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,149,500 3,019 0.25 - 0.5 acre 3 3 111 3 1 35
$679,900 2,203 0.25 - 0.5 acre 4 2 25 0 2 42
$525,000 2,172 0.25 - 0.5 acre 3 2 71 1 2 77
$369,000 1,499 8,000 - 10,000 sqft 3 1 69 1 3 49