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 Jul 31 2021
This week the median list price for Little Compton, RI 02837 is $993,500 with the market action index hovering around 40. This is less than last month's market action index of 47. Inventory has increased to 14. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Little Compton, RI 02837

Sat Jul 31 2021
This week the median list price for Little Compton, RI 02837 is $993,500 with the market action index hovering around 40. This is less than last month's market action index of 47. Inventory has increased to 14. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $993,500
Median Price of New Listings $625,000
Per Square Foot $473
Average Days on Market 153
Median Days on Market 25
Price Decreased 7%
Price Increased 7%
Relisted 21%
Inventory 14
Median Rent $3,000
Market Action 40
Slight Seller'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
$3,995,000 8,972 5 - 10 acres 6 5 94 0 0 574
$1,495,000 2,146 1 - 2.5 acres 4 3 64 0 1 147
$966,000 1,697 1 - 2.5 acres 2 2 37 1 1 14
$552,450 1,269 0.25 - 0.5 acre 3 1 60 2 1 3