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 Nov 27 2021
This week the median list price for Tiverton, RI 02878 is $469,949 with the market action index hovering around 52. This is an increase over last month's market action index of 47. Inventory has decreased to 24. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Tiverton, RI 02878

Sat Nov 27 2021
This week the median list price for Tiverton, RI 02878 is $469,949 with the market action index hovering around 52. This is an increase over last month's market action index of 47. Inventory has decreased to 24. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $469,949
Median Price of New Listings $369,900
Per Square Foot $277
Average Days on Market 76
Median Days on Market 46
Price Decreased 46%
Price Increased 4%
Relisted 21%
Inventory 24
Median Rent $975
Market Action 52
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$848,250 2,860 1 - 2.5 acres 3 2.5 50 0 0 98
$557,000 2,059 1 - 2.5 acres 3 2 57 0 2 35
$409,000 1,398 8,000 - 10,000 sqft 3 1.3 71 2 2 80
$294,900 1,191 0.25 - 0.5 acre 2 1 44 1 3 21