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

Wed Nov 25 2020
This week the median list price for Narragansett, RI 02882 is $819,900 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 22. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Narragansett, RI 02882

Wed Nov 25 2020
This week the median list price for Narragansett, RI 02882 is $819,900 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 22. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $819,900
Per Square Foot $392
Days on Market 84
Price Decreased 36%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent
Most Expensive $3,700,000
Least Expensive $450,000
Market Action 49
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,990,000 3,434 0.25 - 0.5 acre 5 4 33 1 2 51
$1,275,000 2,822 0.5 - 1 acre 3 3 28 0 4 75
$772,450 2,281 8,000 - 10,000 sqft 4 3 115 1 3 141
$598,450 1,364 0.25 - 0.5 acre 4 2 35 1 4 60