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

Sat Sep 19 2020
This week the median list price for Little Compton, RI 02837 is $1,539,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 22. Click here to stay informed with the Little Compton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Little Compton, RI 02837

Sat Sep 19 2020
This week the median list price for Little Compton, RI 02837 is $1,539,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 22. Click here to stay informed with the Little Compton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,539,500
Per Square Foot $428
Days on Market 109
Price Decreased 27%
Price Increased 0%
Relisted 14%
Inventory 22
Median Rent
Most Expensive $8,500,000
Least Expensive $379,000
Market Action 31
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$5,900,000 3,900 1 - 2.5 acres 4 4 18 0 0 119
$2,600,000 2,294 2.5 - 5 acres 3 2 55 1 1 163
$1,335,000 2,990 1 - 2.5 acres 3 3 16 0 0 77
$734,500 2,700 1 - 2.5 acres 3 2 8 2 2 85