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

Sat Oct 16 2021
This week the median list price for Narragansett, RI 02882 is $875,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 35. 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

Sat Oct 16 2021
This week the median list price for Narragansett, RI 02882 is $875,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 35. 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 $875,000
Median Price of New Listings $862,400
Per Square Foot $535
Average Days on Market 65
Median Days on Market 49
Price Decreased 34%
Price Increased 0%
Relisted 9%
Inventory 35
Median Rent $2,600
Market Action 49
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,646,250 3,841 0.5 - 1 acre 4 4 20 0 1 80
$1,050,000 1,616 8,000 - 10,000 sqft 3 2 33 2 0 28
$839,900 2,024 0.25 - 0.5 acre 4 2 42 1 0 42
$549,000 1,048 6,500 - 8,000 sqft 3 2 48 1 2 49