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

Thu Jan 23 2020
This week the median list price for Tiverton, RI 02878 is $434,450 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 56. 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.

Slight Seller's Advantage

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

Thu Jan 23 2020
This week the median list price for Tiverton, RI 02878 is $434,450 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 56. 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.

Slight Seller's Advantage

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 $434,450
Per Square Foot $215
Days on Market 237
Price Decreased 38%
Price Increased 2%
Relisted 34%
Inventory 56
Median Rent $2,200
Most Expensive $2,995,000
Least Expensive $110,000
Market Action 32
Slight Seller's Advantage

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
$856,500 2,760 1 - 2.5 acres 4 2 62 0 0 345
$524,950 2,442 1 - 2.5 acres 4 2 36 2 2 340
$367,000 1,953 0.5 - 1 acre 3 2 40 1 1 104
$222,450 1,153 8,000 - 10,000 sqft 3 1 62 1 4 160