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
Fri Jul 26 2024
This week the median list price for Jamestown, RI 02835 is $1,935,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $1,935,000 | |
| Median Price of New Listings | $1,872,450 | |
| Per Square Foot | $694 | |
| Average Days on Market | 44 | |
| Median Days on Market | 35 | |
| Price Decreased | 27% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,250,000 | 4,090 | 2.5 - 5 acres | 4 | 3.5 | 14 | 1 | 1 | 49 |
| $2,795,000 | 3,693 | 0.5 - 1 acre | 4 | 3.5 | 37 | 1 | 0 | 14 |
| $1,688,500 | 3,197 | 1 - 2.5 acres | 4 | 3.8 | 37 | 0 | 0 | 38 |
| $784,450 | 1,618 | 0.5 - 1 acre | 3 | 1.5 | 46 | 2 | 2 | 17 |