Custom Rhode Island Market Report
Tiverton, RI 02878
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Tiverton, RI 02878
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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $432,000 | |
| Per Square Foot | $222 | |
| Days on Market | 210 | |
| Price Decreased | 29% | |
| Price Increased | 2% | |
| Relisted | 33% | |
| Inventory | 82 | |
| Median House Rent | $2,000 | |
| Most Expensive | $2,999,000 | |
| Least Expensive | $130,000 | |
| Market Action Index Slight Buyer's Advantage | 26 |
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 |
|---|---|---|---|---|---|---|---|---|
| $934,700 | 3,712 | 1 - 2.5 acres | 4 | 3 | 54 | 0 | 1 | 492 |
| $484,450 | 2,571 | 1 - 2.5 acres | 3 | 2 | 29 | 2 | 2 | 152 |
| $349,923 | 1,540 | 0.5 - 1 acre | 3 | 2 | 48 | 1 | 2 | 115 |
| $214,900 | 1,266 | 0.25 - 0.5 acre | 3 | 1 | 56 | 1 | 1 | 91 |