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 30 2023
This week the median list price for Narragansett, RI 02882 is $1,675,000 with the market action index hovering around 44. This is an increase over last month's market action index of 39. Inventory has decreased to 17. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Narragansett, RI 02882

Thu Mar 30 2023
This week the median list price for Narragansett, RI 02882 is $1,675,000 with the market action index hovering around 44. This is an increase over last month's market action index of 39. Inventory has decreased to 17. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $1,675,000
Median Price of New Listings $2,295,000
Per Square Foot $768
Average Days on Market 114
Median Days on Market 70
Price Decreased 29%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$3,620,000 3,005 0.25 - 0.5 acre 4 3.5 34 1 0 185
$2,022,500 2,763 0.25 - 0.5 acre 6 3.5 123 1 1 56
$1,048,450 1,568 4,500 - 6,500 sqft 2 2 66 0 0 38
$589,000 924 0.25 - 0.5 acre 3 1 43 1 1 91