Custom Rhode Island Market Report

Narragansett, RI 02882

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com



Narragansett, RI 02882

Thu Jan 17 2019
This week the median list price for Narragansett, RI 02882 is $599,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 53. Click here to stay informed with the Narragansett market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 Jan 17 2019
This week the median list price for Narragansett, RI 02882 is $599,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 53. Click here to stay informed with the Narragansett market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $599,000
Per Square Foot $367
Days on Market 185
Price Decreased 38%
Price Increased 0%
Relisted 8%
Inventory 53
Median House Rent $1,800
Most Expensive $5,975,000
Least Expensive $199,800
Market Action Index
Slight Seller's Advantage
31

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$1,295,000 3,079 0.5 - 1 acre 4 3 57 0 1 347
$725,000 1,845 0.25 - 0.5 acre 3 2 27 1 5 164
$539,000 1,678 0.25 - 0.5 acre 3 2 43 0 0 119
$332,450 1,112 8,000 - 10,000 sqft 2 1 39 0 2 114