This Week's Real Estate Market Report
Little Compton, RI 02837
Single-Family Homes
The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com
Little Compton, RI 02837
Fri Sep 20 2019
This week the median list price for Little Compton, RI 02837 is $749,000 with the market action index hovering around 25. This is an increase over last month's market action index of 23. Inventory has held steady at or around 36.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $749,000 | |
| Per Square Foot | $358 | |
| Days on Market | 164 | |
| Price Decreased | 39% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 36 | |
| Median House Rent | ||
| Most Expensive | $8,200,000 | |
| Least Expensive | $226,000 | |
| Market Action Index Slight Buyer's Advantage | 25 |
We continue to see prices in this zip code bouncing around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,250,000 | 3,156 | 2.5 - 5 acres | 5 | 3 | 59 | 0 | 0 | 168 |
| $999,999 | 3,055 | 1 - 2.5 acres | 3 | 3 | 30 | 0 | 0 | 133 |
| $679,000 | 2,173 | 2.5 - 5 acres | 3 | 2 | 45 | 1 | 0 | 178 |
| $475,000 | 1,804 | 1 - 2.5 acres | 3 | 2 | 35 | 1 | 1 | 177 |