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

Tue May 18 2021
This week the median list price for Narragansett, RI 02882 is $859,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has increased to 27. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Narragansett, RI 02882

Tue May 18 2021
This week the median list price for Narragansett, RI 02882 is $859,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has increased to 27. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $859,000
Median Price of New Listings $704,900
Per Square Foot $490
Average Days on Market 36
Median Days on Market 7
Price Decreased 19%
Price Increased 4%
Relisted 11%
Inventory 27
Median Rent
Market Action 61
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,175,000 3,990 2.5 - 5 acres 3 4 44 1 1 42
$999,000 2,550 0.25 - 0.5 acre 4 2 81 1 0 28
$749,900 1,546 0.25 - 0.5 acre 3 2 50 4 0 0
$560,000 1,142 0.25 - 0.5 acre 3 2 46 4 2 0