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

Tue Mar 28 2023
This week the median list price for Little Compton, RI 02837 is $699,950 with the market action index hovering around 30. This is less than last month's market action index of 34. Inventory has increased to 10. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Little Compton, RI 02837

Tue Mar 28 2023
This week the median list price for Little Compton, RI 02837 is $699,950 with the market action index hovering around 30. This is less than last month's market action index of 34. Inventory has increased to 10. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $699,950
Median Price of New Listings $605,000
Per Square Foot $458
Average Days on Market 101
Median Days on Market 102
Price Decreased 50%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Market Action 30
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,445,000 2,092 0.5 - 1 acre 3 2.3 20 0 1 199
$1,005,000 2,637 0.5 - 1 acre 3 2.3 26 0 0 133
$624,900 1,587 1 - 2.5 acres 2 1.5 54 0 0 133
$595,000 1,208 0.5 - 1 acre 2 1.8 20 2 0 0