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 Oct 16 2021
This week the median list price for Little Compton, RI 02837 is $915,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 19. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Little Compton, RI 02837

Sat Oct 16 2021
This week the median list price for Little Compton, RI 02837 is $915,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 19. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $915,000
Median Price of New Listings $599,000
Per Square Foot $457
Average Days on Market 138
Median Days on Market 28
Price Decreased 21%
Price Increased 0%
Relisted 11%
Inventory 19
Median Rent $2,700
Market Action 36
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
$3,795,000 6,261 2.5 - 5 acres 5 4 56 0 0 584
$1,096,000 1,922 1 - 2.5 acres 3 2 56 0 0 49
$719,900 2,000 0.5 - 1 acre 3 2 56 0 1 7
$599,000 1,384 0.5 - 1 acre 3 1 71 1 0 21