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 11 2020
This week the median list price for Little Compton, RI 02837 is $1,395,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 27. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Little Compton, RI 02837

Sat Jul 11 2020
This week the median list price for Little Compton, RI 02837 is $1,395,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 27. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,395,000
Per Square Foot $412
Days on Market 120
Price Decreased 7%
Price Increased 4%
Relisted 22%
Inventory 27
Median Rent $12,500
Most Expensive $8,500,000
Least Expensive $445,000
Market Action 32
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$3,872,500 6,510 2.5 - 5 acres 5 5 96 0 0 130
$1,750,000 2,799 2.5 - 5 acres 4 3 35 0 0 47
$914,500 2,156 0.5 - 1 acre 3 2 17 1 1 154
$649,000 1,998 1 - 2.5 acres 3 2 24 1 1 148