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
Sun Jan 29 2023
This week the median list price for Jamestown, RI 02835 is $1,750,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,750,000 | |
| Median Price of New Listings | $1,099,000 | |
| Per Square Foot | $769 | |
| Average Days on Market | 70 | |
| Median Days on Market | 63 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,040,000 | 4,566 | 2.5 - 5 acres | 3 | 3.5 | 95 | 0 | 0 | 98 |
| $2,764,500 | 3,445 | 1 - 2.5 acres | 3 | 3.5 | 58 | 0 | 0 | 119 |
| $1,700,000 | 2,104 | 0.25 - 0.5 acre | 3 | 2 | 56 | 1 | 0 | 0 |
| $799,900 | 1,748 | 6,500 - 8,000 sqft | 3 | 2 | 93 | 0 | 1 | 84 |