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. 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 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.

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. 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 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

Never miss important changes in the Narragansett market.
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