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
Thu Jan 23 2020
This week the median list price for Little Compton, RI 02837 is $685,000 with the market action index hovering around 25. This is less than last month's market action index of 29. Inventory has held steady at or around 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $685,000 | |
| Per Square Foot | $327 | |
| Days on Market | 254 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 38% | |
| Inventory | 21 | |
| Median Rent | ||
| Most Expensive | $3,895,000 | |
| Least Expensive | $369,000 | |
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,800,000 | 4,838 | 5 - 10 acres | 4 | 4 | 32 | 0 | 0 | 247 |
| $748,500 | 2,898 | 5 - 10 acres | 4 | 3 | 24 | 0 | 0 | 222 |
| $595,000 | 2,417 | 2.5 - 5 acres | 3 | 3 | 46 | 1 | 1 | 257 |
| $462,500 | 1,375 | 1 - 2.5 acres | 2 | 1 | 37 | 0 | 0 | 281 |