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 Jan 17 2022
This week the median list price for Tiverton, RI 02878 is $427,450 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has decreased to 16. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Tiverton, RI 02878

Mon Jan 17 2022
This week the median list price for Tiverton, RI 02878 is $427,450 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has decreased to 16. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $427,450
Median Price of New Listings $442,450
Per Square Foot $217
Average Days on Market 92
Median Days on Market 53
Price Decreased 19%
Price Increased 6%
Relisted 25%
Inventory 16
Median Rent $1,300
Market Action 52
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
$1,049,500 2,244 1 - 2.5 acres 2 2 61 1 1 122
$452,450 1,969 0.5 - 1 acre 3 2 65 2 1 10
$354,450 1,535 0.25 - 0.5 acre 3 1.5 44 1 0 63
$219,499 1,060 6,500 - 8,000 sqft 2 1 64 0 0 42