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 Nov 27 2021
This week the median list price for Little Compton, RI 02837 is $915,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 13. 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 continue to fall a bit. 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

Sat Nov 27 2021
This week the median list price for Little Compton, RI 02837 is $915,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 13. 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 continue to fall a bit. 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 $915,000
Median Price of New Listings $635,000
Per Square Foot $457
Average Days on Market 195
Median Days on Market 77
Price Decreased 38%
Price Increased 0%
Relisted 38%
Inventory 13
Median Rent $2,625
Market Action 33
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
$3,995,000 8,972 5 - 10 acres 6 5.5 94 0 0 700
$950,000 1,922 1 - 2.5 acres 2 2 121 0 1 56
$799,000 2,000 1 - 2.5 acres 3 2 30 1 1 77
$582,000 1,200 1 - 2.5 acres 3 1.5 63 0 0 63