Is Middletown, RI 02842 a buyer’s or seller’s market?

The Middletown housing market right now

In the three months ending August 31, 2026, 14% of homes in Middletown, RI 02842 sold above their list price, the typical home went under contract in 53 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 36 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (43 days then) and the median sale price rose 5% to $694,699. Overall, Middletown is less competitive than a year ago, which gives buyers more room.

Within Newport County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Middletown ranks #51 of 52 RI ZIP codes with enough sales (score 34 out of 100).

Nearby, buyers who want less competition could look at Prudence Island 02872 (0% sold over asking) or Little Compton 02837 (9% sold over asking), while Tiverton 02878 (39% sold over asking) and Portsmouth 02871 (27% sold over asking) are even more competitive.