Condo Market Newport
Jamestown, RI 02835
Single-Family Homes
The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com
Jamestown, RI 02835
Wed Mar 20 2019
This week the median list price for Jamestown, RI 02835 is $802,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 40.
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 has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $802,000 | |
| Per Square Foot | $426 | |
| Days on Market | 232 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 40 | |
| Median House Rent | ||
| Most Expensive | $7,950,000 | |
| Least Expensive | $415,000 | |
| Market Action Index Slight Buyer's Advantage | 28 |
We continue to see prices in this zip code bouncing around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $3,745,000 | 5,135 | 2.5 - 5 acres | 4 | 5 | 26 | 0 | 0 | 441 |
| $1,245,000 | 2,928 | 0.5 - 1 acre | 3 | 2 | 19 | 3 | 0 | 245 |
| $636,000 | 1,976 | 8,000 - 10,000 sqft | 3 | 2 | 30 | 1 | 1 | 88 |
| $464,900 | 1,351 | 0.25 - 0.5 acre | 3 | 1 | 59 | 0 | 1 | 156 |