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

Fri Dec 06 2019
This week the median list price for Little Compton, RI 02837 is $662,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 30. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Little Compton, RI 02837

Fri Dec 06 2019
This week the median list price for Little Compton, RI 02837 is $662,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 30. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $662,500
Per Square Foot $340
Days on Market 216
Price Decreased 23%
Price Increased 0%
Relisted 33%
Inventory 30
Median Rent
Most Expensive $3,850,000
Least Expensive $369,000
Market Action 29
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$1,475,000 2,953 10 - 20 acres 3 3 41 0 2 248
$748,500 2,173 5 - 10 acres 3 2 23 0 0 208
$615,000 2,018 2.5 - 5 acres 3 2 56 0 0 224
$475,000 1,715 1 - 2.5 acres 2 2 35 0 0 187