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

Mon Mar 01 2021
This week the median list price for Little Compton, RI 02837 is $1,447,250 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Little Compton, RI 02837

Mon Mar 01 2021
This week the median list price for Little Compton, RI 02837 is $1,447,250 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has held steady at or around 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $1,447,250
Per Square Foot $417
Days on Market 144
Price Decreased 29%
Price Increased 0%
Relisted 21%
Inventory 14
Median Rent $2,450
Most Expensive $7,849,999
Least Expensive $397,000
Market Action 33
Slight Seller's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$7,849,999 5,648 1 - 2.5 acres 3 2 5 0 0 119
$2,550,000 2,294 2.5 - 5 acres 4 2 56 1 0 301
$1,292,500 2,769 1 - 2.5 acres 3 3 40 1 0 94
$429,000 1,294 1 - 2.5 acres 3 1 71 0 1 31