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
Tue Apr 21 2026
This week the median list price for Narragansett, RI 02882 is $1,400,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $1,400,000 | |
| Median Price of New Listings | $798,000 | |
| Per Square Foot | $718 | |
| Average Days on Market | 60 | |
| Median Days on Market | 28 | |
| Price Decreased | 7% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,695,000 | 4,817 | 0.25 - 0.5 acre | 4 | 4.5 | 5 | 1 | 1 | 98 |
| $1,800,000 | 2,876 | 0.25 - 0.5 acre | 3 | 3 | 39 | 1 | 0 | 28 |
| $1,199,900 | 1,899 | 8,000 - 10,000 sqft | 3 | 2 | 38 | 0 | 0 | 28 |
| $749,900 | 992 | 4,500 - 6,500 sqft | 2 | 1 | 81 | 3 | 3 | 14 |