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 Aug 06 2020
This week the median list price for Little Compton, RI 02837 is $1,579,500 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,579,500 | |
| Per Square Foot | $434 | |
| Days on Market | 119 | |
| Price Decreased | 26% | |
| Price Increased | 0% | |
| Relisted | 26% | |
| Inventory | 23 | |
| Median Rent | ||
| Most Expensive | $8,500,000 | |
| Least Expensive | $534,500 | |
| Market Action | 32 | |
| Slight Seller's Advantage | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,900,000 | 5,001 | 5 - 10 acres | 4 | 4 | 81 | 0 | 0 | 88 |
| $2,875,000 | 2,768 | 2.5 - 5 acres | 4 | 3 | 86 | 0 | 0 | 136 |
| $1,327,500 | 2,694 | 2.5 - 5 acres | 3 | 2 | 4 | 0 | 0 | 81 |
| $734,500 | 2,378 | 0.25 - 0.5 acre | 3 | 2 | 37 | 0 | 0 | 165 |