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 Aug 09 2022
This week the median list price for Narragansett, RI 02882 is $995,000 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has decreased to 27. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Narragansett, RI 02882

Tue Aug 09 2022
This week the median list price for Narragansett, RI 02882 is $995,000 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has decreased to 27. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $995,000
Median Price of New Listings $639,000
Per Square Foot $692
Average Days on Market 42
Median Days on Market 28
Price Decreased 44%
Price Increased 0%
Relisted 19%
Inventory 27
Median Rent
Market Action 50
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$3,447,000 4,201 0.25 - 0.5 acre 5 4.5 132 0 0 63
$1,995,000 3,264 0.25 - 0.5 acre 7 3.5 16 0 1 35
$925,000 1,732 0.25 - 0.5 acre 3 2 45 0 1 28
$639,000 928 0.25 - 0.5 acre 2 1 59 1 2 14