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

Tue Apr 28 2026
This week the median list price for Narragansett, RI 02882 is $1,595,900 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has increased to 27. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Narragansett, RI 02882

Tue Apr 28 2026
This week the median list price for Narragansett, RI 02882 is $1,595,900 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has increased to 27. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $1,595,900
Median Price of New Listings $2,672,500
Per Square Foot $748
Average Days on Market 66
Median Days on Market 28
Price Decreased 15%
Price Increased 0%
Relisted 7%
Inventory 27
Median Rent
Market Action 39
Slight Seller's Advantage

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$4,695,000 4,154 0.25 - 0.5 acre 4 4.5 5 1 1 105
$1,800,000 2,960 0.25 - 0.5 acre 3 3 25 1 0 28
$1,199,900 2,200 8,000 - 10,000 sqft 3 2.5 39 0 2 35
$734,900 886 4,500 - 6,500 sqft 2 1 83 0 0 14