Condo Market Newport
Tiverton, RI 02878
Single-Family Homes
The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com
Tiverton, RI 02878
Tue Mar 26 2019
This week the median list price for Tiverton, RI 02878 is $432,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 66.
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
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $432,000 | |
| Per Square Foot | $228 | |
| Days on Market | 299 | |
| Price Decreased | 26% | |
| Price Increased | 3% | |
| Relisted | 29% | |
| Inventory | 66 | |
| Median House Rent | $1,650 | |
| Most Expensive | $2,999,000 | |
| Least Expensive | $120,000 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,186,750 | 3,615 | 1 - 2.5 acres | 4 | 3 | 41 | 0 | 0 | 640 |
| $519,000 | 2,808 | 1 - 2.5 acres | 3 | 3 | 26 | 1 | 3 | 357 |
| $349,900 | 1,584 | 1 - 2.5 acres | 3 | 2 | 50 | 1 | 1 | 126 |
| $215,000 | 1,040 | 8,000 - 10,000 sqft | 2 | 1 | 66 | 2 | 2 | 99 |