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 Apr 02 2020
This week the median list price for Narragansett, RI 02882 is $719,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 55.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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 | $719,000 | |
| Per Square Foot | $425 | |
| Days on Market | 143 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 55 | |
| Median Rent | ||
| Most Expensive | $5,250,000 | |
| Least Expensive | $219,000 | |
| Market Action | 32 | |
| 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 over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,595,000 | 3,634 | 1 - 2.5 acres | 4 | 4 | 46 | 1 | 1 | 205 |
| $854,000 | 2,188 | 0.25 - 0.5 acre | 3 | 2 | 51 | 1 | 2 | 185 |
| $649,450 | 1,823 | 0.25 - 0.5 acre | 3 | 2 | 56 | 1 | 0 | 112 |
| $449,850 | 954 | 6,500 - 8,000 sqft | 2 | 1 | 48 | 4 | 2 | 73 |