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

Sat Dec 03 2022
This week the median list price for Little Compton, RI 02837 is $895,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 15. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Little Compton, RI 02837

Sat Dec 03 2022
This week the median list price for Little Compton, RI 02837 is $895,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 15. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $895,000
Median Price of New Listings $0
Per Square Foot $444
Average Days on Market 91
Median Days on Market 84
Price Decreased 40%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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
$1,700,000 3,824 2.5 - 5 acres 4 3 36 0 0 91
$1,372,500 2,241 1 - 2.5 acres 3 2 69 0 0 168
$762,500 2,077 1 - 2.5 acres 3 2.3 34 0 0 73
$580,000 1,492 0.5 - 1 acre 3 1.3 71 0 0 59