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. 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

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.

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. 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

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

Never miss important changes in the Little Compton market.
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