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

Fri Dec 06 2019
This week the median list price for Narragansett, RI 02882 is $656,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 70. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Narragansett, RI 02882

Fri Dec 06 2019
This week the median list price for Narragansett, RI 02882 is $656,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 70. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Narragansett market.
Median List Price $656,500
Per Square Foot $428
Days on Market 163
Price Decreased 47%
Price Increased 3%
Relisted 21%
Inventory 70
Median Rent
Most Expensive $5,250,000
Least Expensive $159,800
Market Action 30
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$2,700,000 3,734 1 - 2.5 acres 4 3 35 0 0 170
$825,000 2,256 0.25 - 0.5 acre 4 2 65 1 0 263
$594,000 1,448 0.25 - 0.5 acre 3 2 52 1 0 92
$417,450 922 0.25 - 0.5 acre 3 2 43 1 1 132