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

Mon Jan 24 2022
This week the median list price for Narragansett, RI 02882 is $855,000 with the market action index hovering around 45. This is an increase over last month's market action index of 40. 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.

Strong Seller's Market

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

Mon Jan 24 2022
This week the median list price for Narragansett, RI 02882 is $855,000 with the market action index hovering around 45. This is an increase over last month's market action index of 40. 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.

Strong Seller's Market

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 $855,000
Median Price of New Listings $679,900
Per Square Foot $620
Average Days on Market 103
Median Days on Market 98
Price Decreased 35%
Price Increased 0%
Relisted 18%
Inventory 17
Median Rent $2,750
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,495,000 3,235 8,000 - 10,000 sqft 4 4 38 0 0 70
$1,094,500 1,612 0.25 - 0.5 acre 3 2 37 1 0 136
$844,450 1,590 0.25 - 0.5 acre 4 2.3 32 0 1 133
$609,900 1,096 0.25 - 0.5 acre 3 1 65 2 0 56