Condo Market Newport

Little Compton, RI 02837

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com


Little Compton, RI 02837

Wed Mar 20 2019
This week the median list price for Little Compton, RI 02837 is $687,500 with the market action index hovering around 21. This is less than last month's market action index of 23. Inventory has held steady at or around 26. Click here to stay informed with the Little Compton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Little Compton, RI 02837

Wed Mar 20 2019
This week the median list price for Little Compton, RI 02837 is $687,500 with the market action index hovering around 21. This is less than last month's market action index of 23. Inventory has held steady at or around 26. Click here to stay informed with the Little Compton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $687,500
Per Square Foot $372
Days on Market 253
Price Decreased 31%
Price Increased 0%
Relisted 23%
Inventory 26
Median House Rent
Most Expensive $3,545,000
Least Expensive $349,000
Market Action Index
Slight Buyer's Advantage 		21

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,795,000 4,196 5 - 10 acres 3 3 27 0 0 192
$847,000 2,795 2.5 - 5 acres 3 2 131 1 0 219
$634,500 2,173 2.5 - 5 acres 3 2 32 0 0 415
$425,000 1,160 1 - 2.5 acres 2 2 35 0 0 173