This Week's Real Estate Market Report
Jamestown, RI 02835
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Jamestown, RI 02835
Thu Jan 16 2025
This week the median list price for Jamestown, RI 02835 is $1,325,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Real-Time Market Profile
| Median List Price | $1,325,000 | |
| Median Price of New Listings | $8,650,000 | |
| Per Square Foot | $594 | |
| Average Days on Market | 121 | |
| Median Days on Market | 105 | |
| Price Decreased | 18% | |
| Price Increased | 0% | |
| Relisted | 27% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $6,020,000 | 4,669 | 0.5 - 1 acre | 3 | 4 | 34 | 1 | 0 | 119 |
| $2,495,000 | 3,924 | 0.5 - 1 acre | 4 | 4 | 48 | 0 | 0 | 168 |
| $1,049,900 | 2,524 | 0.25 - 0.5 acre | 3 | 3 | 60 | 0 | 0 | 105 |
| $769,000 | 1,248 | 6,500 - 8,000 sqft | 3 | 1 | 65 | 0 | 0 | 63 |