This Week's Real Estate Market Report

Narragansett, RI 02882

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com


Narragansett, RI 02882

Mon Mar 01 2021
This week the median list price for Narragansett, RI 02882 is $949,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 17. Click here to stay informed with the Narragansett market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Narragansett, RI 02882

Mon Mar 01 2021
This week the median list price for Narragansett, RI 02882 is $949,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 17. Click here to stay informed with the Narragansett market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $949,000
Per Square Foot $465
Days on Market 70
Price Decreased 18%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent
Most Expensive $13,950,000
Least Expensive $125,900
Market Action 46
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,075,000 5,093 1 - 2.5 acres 5 6 58 0 0 84
$1,097,500 2,556 1 - 2.5 acres 3 2 99 2 0 3
$799,000 2,313 8,000 - 10,000 sqft 4 2 25 0 0 35
$649,900 1,386 0.25 - 0.5 acre 4 1 65 1 2 84