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 Sep 23 2026
This week the median list price for Narragansett, RI 02882 is $1,395,000 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has decreased to 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $1,395,000 | |
| Median Price of New Listings | $1,395,000 | |
| Per Square Foot | $860 | |
| Average Days on Market | 88 | |
| Median Days on Market | 70 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $5,200,000 | 5,150 | 0.5 - 1 acre | 4 | 4.5 | 13 | 0 | 0 | 154 |
| $2,700,000 | 2,972 | 0.25 - 0.5 acre | 4 | 3 | 28 | 3 | 1 | 7 |
| $1,175,000 | 1,576 | 8,000 - 10,000 sqft | 3 | 2 | 66 | 1 | 3 | 84 |
| $799,900 | 1,067 | 4,500 - 6,500 sqft | 2 | 1.5 | 61 | 1 | 1 | 63 |