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

Wed Nov 25 2020
This week the median list price for Tiverton, RI 02878 is $459,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 35. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Tiverton, RI 02878

Wed Nov 25 2020
This week the median list price for Tiverton, RI 02878 is $459,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 35. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $459,000
Per Square Foot $244
Days on Market 117
Price Decreased 37%
Price Increased 3%
Relisted 14%
Inventory 35
Median Rent $1,388
Most Expensive $2,950,000
Least Expensive $170,000
Market Action 46
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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 3,725 1 - 2.5 acres 4 3 110 0 1 153
$599,000 1,972 0.5 - 1 acre 3 2 17 0 0 160
$349,900 1,499 0.25 - 0.5 acre 3 1 54 1 1 90
$249,000 1,176 0.25 - 0.5 acre 3 1 55 5 1 66