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 Apr 02 2020
This week the median list price for Narragansett, RI 02882 is $719,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 55. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Narragansett, RI 02882

Thu Apr 02 2020
This week the median list price for Narragansett, RI 02882 is $719,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 55. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $719,000
Per Square Foot $425
Days on Market 143
Price Decreased 22%
Price Increased 0%
Relisted 11%
Inventory 55
Median Rent
Most Expensive $5,250,000
Least Expensive $219,000
Market Action 32
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$2,595,000 3,634 1 - 2.5 acres 4 4 46 1 1 205
$854,000 2,188 0.25 - 0.5 acre 3 2 51 1 2 185
$649,450 1,823 0.25 - 0.5 acre 3 2 56 1 0 112
$449,850 954 6,500 - 8,000 sqft 2 1 48 4 2 73