Thu Feb 20 2020
This week the median list price for Narragansett, RI 02882 is $699,450 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has held steady at or around 56.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$699,450|
|Per Square Foot||$418|
|Days on Market||173|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,995,000||3,906||1 - 2.5 acres||4||3||41||0||0||176|
|$834,450||2,044||0.25 - 0.5 acre||3||2||55||1||1||267|
|$589,450||1,448||6,500 - 8,000 sqft||3||2||56||3||1||120|
|$392,350||917||8,000 - 10,000 sqft||3||2||48||4||1||128|