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 Nov 25 2020
This week the median list price for Little Compton, RI 02837 is $1,499,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 19. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Little Compton, RI 02837

Wed Nov 25 2020
This week the median list price for Little Compton, RI 02837 is $1,499,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 19. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,499,500
Per Square Foot $422
Days on Market 141
Price Decreased 26%
Price Increased 5%
Relisted 42%
Inventory 19
Median Rent $2,450
Most Expensive $8,500,000
Least Expensive $397,000
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$7,850,000 5,648 1 - 2.5 acres 3 3 11 0 0 155
$2,550,000 2,294 2.5 - 5 acres 4 2 55 0 0 257
$1,275,000 3,392 1 - 2.5 acres 4 3 24 0 0 121
$739,000 2,300 1 - 2.5 acres 3 2 49 3 2 33