Custom Rhode Island 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 Jan 17 2019
This week the median list price for Little Compton, RI 02837 is $664,500 with the market action index hovering around 22. This is an increase over last month's market action index of 21. Inventory has held steady at or around 29. Click here to stay informed with the Little Compton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Little Compton, RI 02837

Thu Jan 17 2019
This week the median list price for Little Compton, RI 02837 is $664,500 with the market action index hovering around 22. This is an increase over last month's market action index of 21. Inventory has held steady at or around 29. Click here to stay informed with the Little Compton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $664,500
Per Square Foot $378
Days on Market 229
Price Decreased 21%
Price Increased 3%
Relisted 31%
Inventory 29
Median House Rent
Most Expensive $3,545,000
Least Expensive $369,000
Market Action Index
Slight Buyer's Advantage 		22

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
$1,795,000 4,016 2.5 - 5 acres 3 3 31 0 1 142
$795,000 2,173 2.5 - 5 acres 3 2 94 0 1 267
$595,000 2,054 2.5 - 5 acres 3 2 34 0 0 380
$485,500 1,747 1 - 2.5 acres 3 2 35 0 1 142