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

Tue Mar 19 2024
This week the median list price for Little Compton, RI 02837 is $1,949,000 with the market action index hovering around 30. This is less than last month's market action index of 36. Inventory has held steady at or around 6. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Little Compton, RI 02837

Tue Mar 19 2024
This week the median list price for Little Compton, RI 02837 is $1,949,000 with the market action index hovering around 30. This is less than last month's market action index of 36. Inventory has held steady at or around 6. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,949,000
Median Price of New Listings $0
Per Square Foot $541
Average Days on Market 258
Median Days on Market 200
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 30
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
$4,465,000 7,048 1 - 2.5 acres 4 3.5 18 0 0 14
$3,395,000 9,045 2.5 - 5 acres 8 6 97 0 0 602
$1,949,000 2,303 1 - 2.5 acres 3 2.3 31 0 0 192
$924,500 1,755 10 - 20 acres 3 2 67 0 0 273