This Week's Real Estate Market Report

Tiverton, RI 02878

Single-Family Homes

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


Tiverton, RI 02878

Mon Jul 22 2019
This week the median list price for Tiverton, RI 02878 is $422,450 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 80. Click here to stay informed with the Tiverton 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Tiverton, RI 02878

Mon Jul 22 2019
This week the median list price for Tiverton, RI 02878 is $422,450 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 80. Click here to stay informed with the Tiverton 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $422,450
Per Square Foot $225
Days on Market 239
Price Decreased 40%
Price Increased 5%
Relisted 33%
Inventory 80
Median House Rent $1,350
Most Expensive $2,999,000
Least Expensive $127,500
Market Action Index
Slight Seller's Advantage 		30

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$1,159,750 3,864 2.5 - 5 acres 4 3 54 0 0 451
$509,500 2,648 1 - 2.5 acres 3 2 26 1 3 286
$369,500 1,783 0.25 - 0.5 acre 3 2 55 2 4 97
$254,000 1,227 0.25 - 0.5 acre 3 1 56 4 2 122