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

Thu Jan 23 2020
This week the median list price for Narragansett, RI 02882 is $757,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 50. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Narragansett, RI 02882

Thu Jan 23 2020
This week the median list price for Narragansett, RI 02882 is $757,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 50. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $757,000
Per Square Foot $451
Days on Market 183
Price Decreased 24%
Price Increased 2%
Relisted 10%
Inventory 50
Median Rent
Most Expensive $5,250,000
Least Expensive $159,800
Market Action 31
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,135,000 3,684 2.5 - 5 acres 4 3 46 1 1 137
$1,345,000 2,652 0.25 - 0.5 acre 4 2 52 1 0 347
$619,000 1,530 6,500 - 8,000 sqft 3 2 65 1 2 128
$399,500 874 8,000 - 10,000 sqft 3 2 43 0 2 127