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

Sat Dec 03 2022
This week the median list price for Narragansett, RI 02882 is $899,000 with the market action index hovering around 28. This is less than last month's market action index of 33. Inventory has decreased to 43. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Narragansett, RI 02882

Sat Dec 03 2022
This week the median list price for Narragansett, RI 02882 is $899,000 with the market action index hovering around 28. This is less than last month's market action index of 33. Inventory has decreased to 43. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $899,000
Median Price of New Listings $689,000
Per Square Foot $637
Average Days on Market 94
Median Days on Market 70
Price Decreased 42%
Price Increased 2%
Relisted 28%
Inventory 43
Median Rent
Market Action 28
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$2,942,500 3,268 0.25 - 0.5 acre 5 3.5 38 0 3 112
$1,195,000 1,740 8,000 - 10,000 sqft 3 2 67 0 0 63
$799,900 1,603 0.25 - 0.5 acre 3 2 52 1 0 56
$649,800 960 6,500 - 8,000 sqft 3 1 46 2 3 56