Condo Market Newport

Tiverton, RI 02878

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Tiverton, RI 02878

Tue Mar 26 2019
This week the median list price for Tiverton, RI 02878 is $432,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 66. Click here to stay informed with the Tiverton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Tiverton, RI 02878

Tue Mar 26 2019
This week the median list price for Tiverton, RI 02878 is $432,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 66. Click here to stay informed with the Tiverton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $432,000
Per Square Foot $228
Days on Market 299
Price Decreased 26%
Price Increased 3%
Relisted 29%
Inventory 66
Median House Rent $1,650
Most Expensive $2,999,000
Least Expensive $120,000
Market Action Index
Slight Buyer's Advantage
29

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,186,750 3,615 1 - 2.5 acres 4 3 41 0 0 640
$519,000 2,808 1 - 2.5 acres 3 3 26 1 3 357
$349,900 1,584 1 - 2.5 acres 3 2 50 1 1 126
$215,000 1,040 8,000 - 10,000 sqft 2 1 66 2 2 99