Is Portsmouth, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Portsmouth has remained a Seller's Market.
Key Takeaway
Portsmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Portsmouth, RI cost?
Median Sold Price
$610,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$85,000(+16.2%)
Key Takeaway
Homes in Portsmouth have sold for 16.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $418.9K | $410K | -2.1% |
| 2 Bedrooms | $422K | $455K | +7.8% |
| 3 Bedrooms | $510K | $600K | +17.6% |
| 4 Bedrooms | $786.5K | $856.5K | +8.9% |
| 5+ Bedrooms | $2.9M | $1.2M | -56.7% |
Median Sold Price Compared To Nearby Cities
| Portsmouth | $525K | $610K | +16.2% |
| Tiverton | $410K | $425K | +3.7% |
How many homes are available in Portsmouth, RI?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 77 | 78 | +1.3% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Apr 2022 | Apr 2023 | % |
|---|---|---|
| 20 Days | 70 Days | +251.4% |
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portsmouth are selling fast, if you're buying plan to act quickly.
