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 Mar 27 2025
This week the median list price for Narragansett, RI 02882 is $1,048,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has decreased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,048,000 | |
| Median Price of New Listings | $1,112,000 | |
| Per Square Foot | $638 | |
| Average Days on Market | 68 | |
| Median Days on Market | 35 | |
| Price Decreased | 13% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller'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 |
|---|---|---|---|---|---|---|---|---|
| $2,995,000 | 4,000 | 0.5 - 1 acre | 3 | 4.5 | 68 | 0 | 1 | 14 |
| $1,597,500 | 1,846 | 1 - 2.5 acres | 3 | 1.8 | 77 | 1 | 0 | 38 |
| $942,450 | 1,985 | 0.25 - 0.5 acre | 3 | 2.3 | 57 | 0 | 1 | 182 |
| $814,500 | 1,772 | 0.25 - 0.5 acre | 3 | 2 | 51 | 1 | 0 | 14 |