Is Tiverton, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tiverton is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, Tiverton was a Seller's Market.

Key Takeaway

Tiverton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Tiverton, RI cost?

Median Sold Price

$420,500

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$22,833(+5.7%)

Key Takeaway

Homes in Tiverton have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $433K$224K
-48.3%
2 $324K$318.5K
-1.7%
3 $405K$425K
+4.9%
4 $550K$565K
+2.7%
5+ $525K$720K
+37.1%

Median Sold Price Compared To Nearby Cities

Little Compton
+15.3%
Westport
+12.8%
Fall River
+10.8%
Somerset
+5.9%
Tiverton
+5.7%

How many homes are available in Tiverton, RI?

Number of Homes For Sale

Jan 2023Feb 2023%
4843-10.4%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 22
0.0%
2 1315
+15.4%
3 2314
-39.1%
4 810
+25.0%
5+ 22
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
126-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tiverton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
67 Days48 Days-28.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tiverton has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tiverton, RI

Tiverton, RI has 43 homes for sale to choose from. The number of homes for sale in Tiverton, RI decreased by 10.4% between January 2023 and February 2023. In February 2023 median list price was $420,500 and the average listing age was 48 days. This housing market listing prices have changed between January 2023 and February 2023: prices of 1 bedroom properties went down by 48.3%, 2 bedrooms properties prices decreased by 1.7%, 3 bedrooms properties became 4.9% more expensive, prices of 4 bedrooms properties went up by 2.7%, 5 bedrooms properties became 37.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 15.4%, the quantity of 3 bedrooms homes went down by 39.1%, 4 bedrooms homes inventory increased by 25%, 5 bedrooms homes did not move. Tiverton, RI housing market in February 2023 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 4 sold below.

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