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

Mon Jun 05 2023
This week the median list price for Tiverton, RI 02878 is $610,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 20. Click here to stay informed with the Tiverton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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.

Tiverton, RI 02878

Mon Jun 05 2023
This week the median list price for Tiverton, RI 02878 is $610,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 20. Click here to stay informed with the Tiverton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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 Tiverton market.
Median List Price $610,000
Median Price of New Listings $767,500
Per Square Foot $363
Average Days on Market 67
Median Days on Market 28
Price Decreased 20%
Price Increased 5%
Relisted 20%
Inventory 20
Median Rent
Market Action 57
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,499,000 3,679 1 - 2.5 acres 4 2.5 4 1 1 21
$699,000 1,756 0.5 - 1 acre 3 2 71 0 1 168
$465,000 1,858 0.25 - 0.5 acre 3 1.5 64 1 1 21
$379,900 1,044 0.25 - 0.5 acre 2 1 67 0 1 7