Single-Family Homes
Tue Mar 19 2024
This week the median list price for Narragansett, RI 02882 is $1,195,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $1,195,000 | |
Median Price of New Listings | $1,050,000 | |
Per Square Foot | $683 | |
Average Days on Market | 134 | |
Median Days on Market | 98 | |
Price Decreased | 44% | |
Price Increased | 0% | |
Relisted | 33% | |
Inventory | 18 | |
Median Rent | ||
Market Action | 44 | |
Slight Seller's Advantage |
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,247,000 | 4,438 | 0.5 - 1 acre | 5 | 4.5 | 27 | 0 | 0 | 143 |
$1,790,000 | 2,267 | 0.25 - 0.5 acre | 4 | 3 | 106 | 1 | 1 | 7 |
$1,050,000 | 1,152 | 4,500 - 6,500 sqft | 3 | 2 | 59 | 1 | 1 | 98 |
$619,900 | 1,002 | 4,500 - 6,500 sqft | 3 | 1 | 54 | 1 | 0 | 98 |