This Week's Real Estate Market Report
Little Compton, RI 02837
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Little Compton, RI 02837
Fri Jul 26 2024
This week the median list price for Little Compton, RI 02837 is $2,697,500 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $2,697,500 | |
| Median Price of New Listings | $22,500,000 | |
| Per Square Foot | $762 | |
| Average Days on Market | 34 | |
| Median Days on Market | 28 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $15,175,000 | 9,392 | N/A | 6 | 6.3 | 33 | 1 | 0 | 3 |
| $5,875,000 | 4,611 | 2.5 - 5 acres | 3 | 2.5 | 17 | 0 | 0 | 70 |
| $2,400,000 | 1,506 | 0.5 - 1 acre | 3 | 2 | 92 | 0 | 2 | 35 |
| $600,000 | 3,944 | 1 - 2.5 acres | 2 | 1 | 70 | 0 | 0 | 21 |