Portsmouth, RI
Housing market overview · Updated weekly
$605,750median sale price
Homes sold
10
Last 12 weeks
Days on market
90
Average pace
Active listings
56
5.6 months supply
Sale-to-list
95.5%
Below asking
The Portsmouth housing market is currently classified as a buyer's market with a median sale price of $605,750. Prices have fallen 4.2% compared to last year, with homes spending an average of 90 days on market, indicating 5.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Portsmouth?
The median home sale price in Portsmouth is $605,750, down 4.2% from last year.
How long do homes stay on market in Portsmouth?
Homes typically spend 90 days on market before going under contract.
Is Portsmouth a buyer's or seller's market?
With 5.6 months of supply, Portsmouth is currently a buyer's market.
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