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 Oct 03 2022
This week the median list price for Tiverton, RI 02878 is $589,000 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has increased to 26. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Oct 03 2022
This week the median list price for Tiverton, RI 02878 is $589,000 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has increased to 26. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $589,000
Median Price of New Listings $452,500
Per Square Foot $298
Average Days on Market 38
Median Days on Market 18
Price Decreased 27%
Price Increased 0%
Relisted 12%
Inventory 26
Median Rent
Market Action 56
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,250,000 3,280 0.5 - 1 acre 4 3 45 0 0 45
$714,000 2,399 0.5 - 1 acre 3 2 36 1 1 28
$455,000 1,378 0.25 - 0.5 acre 3 2 62 3 1 7
$364,900 1,218 0.25 - 0.5 acre 3 1 62 2 1 7