This Week's Real Estate Market Report
Tiverton, RI 02878
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Tiverton, RI 02878
Sat Jul 11 2020
This week the median list price for Tiverton, RI 02878 is $554,950 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $554,950 | |
| Per Square Foot | $237 | |
| Days on Market | 305 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 40 | |
| Median Rent | $1,388 | |
| Most Expensive | $2,995,000 | |
| Least Expensive | $99,900 | |
| Market Action | 34 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,209,750 | 3,047 | 1 - 2.5 acres | 4 | 2 | 62 | 0 | 1 | 547 |
| $677,450 | 2,634 | 0.5 - 1 acre | 3 | 3 | 32 | 2 | 1 | 130 |
| $395,000 | 1,760 | 0.25 - 0.5 acre | 3 | 2 | 49 | 3 | 3 | 387 |
| $177,400 | 1,219 | 0.25 - 0.5 acre | 2 | 1 | 74 | 0 | 2 | 152 |