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

Tue May 21 2019
This week the median list price for Tiverton, RI 02878 is $420,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 83. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Tiverton, RI 02878

Tue May 21 2019
This week the median list price for Tiverton, RI 02878 is $420,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 83. 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 Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $420,000
Per Square Foot $212
Days on Market 236
Price Decreased 39%
Price Increased 4%
Relisted 24%
Inventory 83
Median House Rent $900
Most Expensive $2,999,000
Least Expensive $110,000
Market Action Index
Slight Buyer's Advantage 		29

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 3,811 2.5 - 5 acres 4 3 51 2 0 474
$489,900 2,296 1 - 2.5 acres 3 2 30 0 1 252
$349,000 1,664 0.5 - 1 acre 3 2 53 1 3 130
$199,999 1,070 6,500 - 8,000 sqft 3 1 66 2 3 99