This Week's Real Estate Market Report
Jamestown, RI 02835
Single-Family Homes
The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com
Jamestown, RI 02835
Fri Sep 20 2019
This week the median list price for Jamestown, RI 02835 is $824,900 with the market action index hovering around 25. This is an increase over last month's market action index of 24. Inventory has held steady at or around 49.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $824,900 | |
| Per Square Foot | $440 | |
| Days on Market | 205 | |
| Price Decreased | 51% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 49 | |
| Median House Rent | $2,250 | |
| Most Expensive | $7,950,000 | |
| Least Expensive | $324,500 | |
| Market Action Index Slight Buyer's Advantage | 25 |
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 |
|---|---|---|---|---|---|---|---|---|
| $4,035,000 | 5,113 | 2.5 - 5 acres | 5 | 4 | 69 | 1 | 0 | 413 |
| $1,172,000 | 2,596 | 0.5 - 1 acre | 3 | 2 | 26 | 0 | 0 | 127 |
| $667,000 | 2,264 | 0.25 - 0.5 acre | 3 | 2 | 37 | 0 | 2 | 133 |
| $489,000 | 1,248 | 0.25 - 0.5 acre | 3 | 1 | 41 | 0 | 1 | 154 |