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 Dec 11 2023
This week the median list price for Tiverton, RI 02878 is $592,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 22. 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 Dec 11 2023
This week the median list price for Tiverton, RI 02878 is $592,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 22. 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 $592,000
Median Price of New Listings $479,000
Per Square Foot $317
Average Days on Market 73
Median Days on Market 46
Price Decreased 41%
Price Increased 5%
Relisted 23%
Inventory 22
Median Rent
Market Action 49
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$1,200,000 3,782 1 - 2.5 acres 4 3 22 0 1 42
$709,999 2,199 0.25 - 0.5 acre 3 2.5 45 0 0 91
$564,000 2,561 0.5 - 1 acre 3 2 46 3 1 17
$377,450 1,143 0.25 - 0.5 acre 2 1 71 1 1 80