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

Wed Nov 13 2019
This week the median list price for Narragansett, RI 02882 is $682,450 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 82. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Narragansett, RI 02882

Wed Nov 13 2019
This week the median list price for Narragansett, RI 02882 is $682,450 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 82. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $682,450
Per Square Foot $421
Days on Market 151
Price Decreased 45%
Price Increased 4%
Relisted 20%
Inventory 82
Median House Rent $1,438
Most Expensive $5,250,000
Least Expensive $159,800
Market Action Index
Slight Seller's Advantage 		31

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
$2,647,500 3,529 1 - 2.5 acres 4 3 35 3 0 157
$832,500 2,378 0.25 - 0.5 acre 4 2 52 1 1 251
$575,000 1,512 0.25 - 0.5 acre 3 2 46 2 3 77
$419,800 922 8,000 - 10,000 sqft 3 2 42 1 2 120