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 30 2023
This week the median list price for Tiverton, RI 02878 is $599,000 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has decreased to 26. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Tiverton, RI 02878

Sat Sep 30 2023
This week the median list price for Tiverton, RI 02878 is $599,000 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has decreased to 26. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Tiverton market.
Median List Price $599,000
Median Price of New Listings $295,000
Per Square Foot $334
Average Days on Market 83
Median Days on Market 46
Price Decreased 50%
Price Increased 0%
Relisted 23%
Inventory 26
Median Rent
Market Action 46
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
$1,247,500 3,435 1 - 2.5 acres 3 3.3 46 1 1 42
$722,450 2,185 0.5 - 1 acre 3 2 40 0 1 49
$569,000 2,234 0.5 - 1 acre 4 2 47 0 4 42
$359,000 1,308 0.25 - 0.5 acre 2 1 47 2 2 84