This Week's Real Estate Market Report

Little Compton, RI 02837

Single-Family Homes

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



Little Compton, RI 02837

Tue May 21 2019
This week the median list price for Little Compton, RI 02837 is $747,000 with the market action index hovering around 21. This is an increase over last month's market action index of 20. Inventory has held steady at or around 38. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Little Compton, RI 02837

Tue May 21 2019
This week the median list price for Little Compton, RI 02837 is $747,000 with the market action index hovering around 21. This is an increase over last month's market action index of 20. Inventory has held steady at or around 38. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $747,000
Per Square Foot $334
Days on Market 182
Price Decreased 32%
Price Increased 0%
Relisted 18%
Inventory 38
Median House Rent
Most Expensive $4,395,000
Least Expensive $329,000
Market Action Index
Slight Buyer's Advantage
21

Prices in this zip code are bouncing around near term trough. 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
$1,585,000 3,578 2.5 - 5 acres 4 3 23 1 0 143
$989,900 2,240 1 - 2.5 acres 3 3 33 1 1 133
$636,250 2,517 2.5 - 5 acres 3 2 78 1 0 252
$472,000 1,742 1 - 2.5 acres 2 2 39 0 1 189