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 Sep 19 2020
This week the median list price for Narragansett, RI 02882 is $799,949 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $799,949 | |
| Per Square Foot | $456 | |
| Days on Market | 107 | |
| Price Decreased | 43% | |
| Price Increased | 2% | |
| Relisted | 16% | |
| Inventory | 44 | |
| Median Rent | ||
| Most Expensive | $16,750,000 | |
| Least Expensive | $359,900 | |
| Market Action | 48 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,675,000 | 3,720 | 0.5 - 1 acre | 4 | 3 | 30 | 0 | 0 | 149 |
| $950,000 | 2,034 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 1 | 0 | 106 |
| $699,999 | 1,904 | 0.25 - 0.5 acre | 5 | 2 | 60 | 2 | 2 | 118 |
| $479,000 | 1,106 | 8,000 - 10,000 sqft | 4 | 2 | 34 | 4 | 1 | 52 |