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 Apr 02 2020
This week the median list price for Little Compton, RI 02837 is $775,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $775,000 | |
| Per Square Foot | $411 | |
| Days on Market | 209 | |
| Price Decreased | 16% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 19 | |
| Median Rent | ||
| Most Expensive | $8,500,000 | |
| Least Expensive | $369,000 | |
| Market Action | 27 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $3,872,500 | 7,035 | 2.5 - 5 acres | 5 | 5 | 80 | 0 | 0 | 94 |
| $1,325,000 | 2,800 | 2.5 - 5 acres | 4 | 2 | 17 | 1 | 0 | 205 |
| $699,000 | 2,054 | 1 - 2.5 acres | 3 | 3 | 55 | 2 | 0 | 198 |
| $445,000 | 1,375 | 1 - 2.5 acres | 2 | 2 | 37 | 0 | 0 | 315 |