Fri Sep 25 2020
This week the median list price for Narragansett, RI 02882 is $832,450 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 40.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$832,450|
|Per Square Foot||$433|
|Days on Market||118|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,832,500||3,580||0.5 - 1 acre||4||4||30||0||0||165|
|$989,000||2,775||0.25 - 0.5 acre||3||2||58||2||2||123|
|$699,500||1,997||8,000 - 10,000 sqft||4||2||66||1||4||117|
|$536,850||1,027||8,000 - 10,000 sqft||3||1||38||2||3||65|