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
Sat Sep 19 2020
This week the median list price for Tiverton, RI 02878 is $575,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has held steady at or around 35.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $575,000 | |
| Per Square Foot | $259 | |
| Days on Market | 163 | |
| Price Decreased | 26% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 35 | |
| Median Rent | $2,000 | |
| Most Expensive | $2,950,000 | |
| Least Expensive | $201,000 | |
| Market Action | 47 | |
| Strong Seller's Market | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,397,000 | 4,627 | 2.5 - 5 acres | 4 | 3 | 123 | 0 | 0 | 389 |
| $679,900 | 2,636 | 0.5 - 1 acre | 3 | 2 | 30 | 2 | 2 | 115 |
| $469,900 | 1,972 | 0.5 - 1 acre | 3 | 2 | 41 | 5 | 1 | 78 |
| $299,900 | 1,296 | 0.25 - 0.5 acre | 3 | 1 | 74 | 3 | 4 | 93 |