Single-Family Homes
Mon Mar 01 2021
This week the median list price for Little Compton, RI 02837 is $1,447,250 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 14.
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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Median List Price | $1,447,250 | |
Per Square Foot | $417 | |
Days on Market | 144 | |
Price Decreased | 29% | |
Price Increased | 0% | |
Relisted | 21% | |
Inventory | 14 | |
Median Rent | $2,450 | |
Most Expensive | $7,849,999 | |
Least Expensive | $397,000 | |
Market Action | 33 | |
Slight Seller's Advantage |
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$7,849,999 | 5,648 | 1 - 2.5 acres | 3 | 2 | 5 | 0 | 0 | 119 |
$2,550,000 | 2,294 | 2.5 - 5 acres | 4 | 2 | 56 | 1 | 0 | 301 |
$1,292,500 | 2,769 | 1 - 2.5 acres | 3 | 3 | 40 | 1 | 0 | 94 |
$429,000 | 1,294 | 1 - 2.5 acres | 3 | 1 | 71 | 0 | 1 | 31 |