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 Apr 27 2024
This week the median list price for Little Compton, RI 02837 is $1,900,000 with the market action index hovering around 28. This is less than last month's market action index of 33. Inventory has increased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $1,900,000 | |
| Median Price of New Listings | $679,000 | |
| Per Square Foot | $656 | |
| Average Days on Market | 154 | |
| Median Days on Market | 137 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $6,500,000 | 3,574 | 5 - 10 acres | 4 | 2.5 | 26 | 0 | 0 | 14 |
| $4,465,000 | 7,048 | 1 - 2.5 acres | 4 | 3.5 | 18 | 0 | 0 | 49 |
| $1,900,000 | 1,708 | 10 - 20 acres | 3 | 1.8 | 76 | 0 | 0 | 234 |
| $614,000 | 1,542 | 1 - 2.5 acres | 3 | 2.3 | 52 | 1 | 0 | 196 |