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 Feb 28 2020
This week the median list price for Little Compton, RI 02837 is $695,000 with the market action index hovering around 27. This is an increase over last month's market action index of 24. Inventory has held steady at or around 16. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Little Compton, RI 02837

Fri Feb 28 2020
This week the median list price for Little Compton, RI 02837 is $695,000 with the market action index hovering around 27. This is an increase over last month's market action index of 24. Inventory has held steady at or around 16. 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

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Little Compton market.
Median List Price $695,000
Per Square Foot $327
Days on Market 297
Price Decreased 13%
Price Increased 0%
Relisted 13%
Inventory 16
Median Rent
Most Expensive $3,895,000
Least Expensive $369,000
Market Action 27
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
$2,825,000 6,191 5 - 10 acres 4 4 46 0 0 196
$856,750 2,965 1 - 2.5 acres 4 3 20 0 2 311
$572,000 1,957 2.5 - 5 acres 3 2 58 0 1 456
$450,000 1,375 1 - 2.5 acres 2 1 37 0 0 222