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 Jul 16 2024
This week the median list price for Narragansett, RI 02882 is $1,295,000 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 39. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Narragansett, RI 02882

Tue Jul 16 2024
This week the median list price for Narragansett, RI 02882 is $1,295,000 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 39. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $1,295,000
Median Price of New Listings $917,000
Per Square Foot $672
Average Days on Market 34
Median Days on Market 28
Price Decreased 26%
Price Increased 0%
Relisted 23%
Inventory 39
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$4,750,000 3,958 0.25 - 0.5 acre 4 3 36 0 2 28
$1,617,500 2,277 0.25 - 0.5 acre 4 2.5 69 2 0 28
$932,500 1,969 0.25 - 0.5 acre 4 2.3 60 2 0 24
$649,000 910 4,500 - 6,500 sqft 2 1 66 2 1 21