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

Sat Nov 27 2021
This week the median list price for Narragansett, RI 02882 is $849,890 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 37. 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

Sat Nov 27 2021
This week the median list price for Narragansett, RI 02882 is $849,890 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 37. 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 $849,890
Median Price of New Listings $760,000
Per Square Foot $478
Average Days on Market 59
Median Days on Market 42
Price Decreased 24%
Price Increased 0%
Relisted 14%
Inventory 37
Median Rent $2,400
Market Action 42
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,500,000 3,078 0.25 - 0.5 acre 4 3.5 33 1 1 63
$919,000 2,050 0.25 - 0.5 acre 3 2 44 4 1 14
$839,900 1,896 0.25 - 0.5 acre 4 2 37 2 1 77
$595,950 1,270 8,000 - 10,000 sqft 3 1.5 61 4 2 7