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 Jul 06 2022
This week the median list price for Tiverton, RI 02878 is $552,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has increased to 24. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Tiverton, RI 02878

Wed Jul 06 2022
This week the median list price for Tiverton, RI 02878 is $552,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has increased to 24. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $552,000
Median Price of New Listings $467,000
Per Square Foot $402
Average Days on Market 71
Median Days on Market 18
Price Decreased 33%
Price Increased 4%
Relisted 29%
Inventory 24
Median Rent
Market Action 69
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,069,500 2,363 0.25 - 0.5 acre 3 2 22 2 1 42
$634,500 1,396 0.25 - 0.5 acre 3 2 92 1 1 14
$399,000 1,323 8,000 - 10,000 sqft 3 1.5 53 4 2 0
$352,000 1,133 6,500 - 8,000 sqft 2 1 59 1 1 24