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 Jul 11 2020
This week the median list price for Narragansett, RI 02882 is $709,450 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 60. 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

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

Sat Jul 11 2020
This week the median list price for Narragansett, RI 02882 is $709,450 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 60. 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

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 $709,450
Per Square Foot $394
Days on Market 104
Price Decreased 22%
Price Increased 0%
Relisted 13%
Inventory 60
Median Rent
Most Expensive $16,750,000
Least Expensive $325,000
Market Action 35
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$1,695,000 3,434 0.5 - 1 acre 4 4 17 1 1 174
$795,000 2,256 0.25 - 0.5 acre 4 2 55 6 0 98
$679,000 1,916 0.25 - 0.5 acre 4 2 44 5 1 84
$475,000 988 6,500 - 8,000 sqft 2 1 34 4 2 57