Is Little Compton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Little Compton was a Seller's Market.
Housing Prices in Little Compton, RI
How much do homes in Little Compton, RI cost?
Median Sold Price
$932,500
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Little Compton was $932,500 in May 2024, up 6% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82.5K | N/A |
2 Bedrooms | $565K | $655K | +15.9% |
3 Bedrooms | $987.5K | $960K | -2.8% |
4 Bedrooms | $720K | $762.6K | +5.9% |
5+ Bedrooms | $1.6M | $1.3M | -20.9% |
Summary: Little Compton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 20.9%.
Housing Supply in Little Compton, RI
How many homes are available in Little Compton, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Little Compton real estate market had 18 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Little Compton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Little Compton in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Little Compton, RI
How long does it take to sell a home in Little Compton, RI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 5 Days | -87.9% |
Summary: Homes in Little Compton had an average of 5 days on market in May 2024, down by 87.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Little Compton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.