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

Wed Jul 06 2022
This week the median list price for Little Compton, RI 02837 is $1,450,000 with the market action index hovering around 32. This is less than last month's market action index of 39. Inventory has increased to 13. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Little Compton, RI 02837

Wed Jul 06 2022
This week the median list price for Little Compton, RI 02837 is $1,450,000 with the market action index hovering around 32. This is less than last month's market action index of 39. Inventory has increased to 13. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,450,000
Median Price of New Listings $1,072,000
Per Square Foot $557
Average Days on Market 65
Median Days on Market 42
Price Decreased 38%
Price Increased 8%
Relisted 15%
Inventory 13
Median Rent
Market Action 32
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$2,185,000 1,924 0.25 - 0.5 acre 5 3.5 67 0 0 42
$1,495,000 2,598 1 - 2.5 acres 3 2 37 0 0 21
$1,395,000 3,032 1 - 2.5 acres 4 4 57 1 0 56
$749,500 1,876 1 - 2.5 acres 3 2.5 33 1 0 45