This Week's Real Estate Market Report

Narragansett, RI 02882

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com


Narragansett, RI 02882

Mon Jul 22 2019
This week the median list price for Narragansett, RI 02882 is $649,900 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 95. Click here to stay informed with the Narragansett market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Narragansett, RI 02882

Mon Jul 22 2019
This week the median list price for Narragansett, RI 02882 is $649,900 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 95. Click here to stay informed with the Narragansett market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $649,900
Per Square Foot $394
Days on Market 127
Price Decreased 38%
Price Increased 3%
Relisted 19%
Inventory 95
Median House Rent
Most Expensive $4,250,000
Least Expensive $135,000
Market Action Index
Slight Seller's Advantage 		31

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,750,000 2,728 0.5 - 1 acre 4 3 35 1 3 205
$768,500 1,944 0.25 - 0.5 acre 3 2 41 1 0 165
$554,400 1,773 0.25 - 0.5 acre 3 2 45 4 2 45
$409,450 924 0.25 - 0.5 acre 3 1 51 3 1 95