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 31 2021
This week the median list price for Tiverton, RI 02878 is $469,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has increased to 33. 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 been flat for several weeks. 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

Sat Jul 31 2021
This week the median list price for Tiverton, RI 02878 is $469,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has increased to 33. 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 been flat for several weeks. 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 $469,000
Median Price of New Listings $404,950
Per Square Foot $272
Average Days on Market 92
Median Days on Market 35
Price Decreased 30%
Price Increased 3%
Relisted 24%
Inventory 33
Median Rent $2,050
Market Action 61
Strong Seller's Market

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
$836,500 2,868 2.5 - 5 acres 3 3 22 1 1 42
$604,500 2,471 1 - 2.5 acres 3 2 29 1 0 38
$404,950 1,499 0.25 - 0.5 acre 3 2 67 2 0 14
$299,000 1,176 6,500 - 8,000 sqft 3 1 71 2 3 35