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.

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

Never miss important changes in the Tiverton market.
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