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

Thu Jun 08 2023
This week the median list price for Little Compton, RI 02837 is $772,450 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased 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 Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Little Compton, RI 02837

Thu Jun 08 2023
This week the median list price for Little Compton, RI 02837 is $772,450 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased 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 Buyer's Advantage

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $772,450
Median Price of New Listings $0
Per Square Foot $374
Average Days on Market 110
Median Days on Market 77
Price Decreased 70%
Price Increased 10%
Relisted 20%
Inventory 10
Median Rent
Market Action 28
Slight Buyer'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
$3,197,500 5,875 2.5 - 5 acres 4 4.3 56 0 0 164
$1,287,000 3,065 1 - 2.5 acres 3 2.8 143 0 1 10
$695,000 3,000 1 - 2.5 acres 3 2.5 17 0 0 203
$595,000 1,587 0.5 - 1 acre 2 1.8 20 0 0 84