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

Fri Jul 01 2022
This week the median list price for Narragansett, RI 02882 is $939,500 with the market action index hovering around 66. This is less than last month's market action index of 70. Inventory has increased to 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Narragansett, RI 02882

Fri Jul 01 2022
This week the median list price for Narragansett, RI 02882 is $939,500 with the market action index hovering around 66. This is less than last month's market action index of 70. Inventory has increased to 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $939,500
Median Price of New Listings $959,000
Per Square Foot $660
Average Days on Market 28
Median Days on Market 21
Price Decreased 32%
Price Increased 0%
Relisted 14%
Inventory 22
Median Rent
Market Action 66
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$2,995,000 3,528 0.25 - 0.5 acre 5 4.5 57 0 0 63
$1,179,000 2,850 0.25 - 0.5 acre 3 3 17 3 1 0
$819,950 1,106 8,000 - 10,000 sqft 4 2 42 0 1 17
$539,450 747 6,500 - 8,000 sqft 2 1 46 2 1 24