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

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. 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

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. 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 $699,450
Per Square Foot $418
Days on Market 173
Price Decreased 23%
Price Increased 2%
Relisted 20%
Inventory 56
Median Rent
Most Expensive $5,250,000
Least Expensive $149,800
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
$2,995,000 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