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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,499,500|
|Per Square Foot||$422|
|Days on Market||141|
|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.
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|