$10,000 Closing Credit*
$885,000
1,620 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: T. L. Holland Agency
Is Little Compton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Little Compton was a Seller's Market.
Key Takeaway
Little Compton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Compton, RI
How much do homes in Little Compton, RI cost?
Median Sold Price
$1,327,500
$341/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$1,222,500(-47.9%)
Key Takeaway
Homes in Little Compton have sold for 47.9% less than they did a month ago.
Summary: The median home sold price in Little Compton was $1,327,500 in November 2024, down 47.9% from last month, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $945K | $1.3M | +40.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $4.5M | - | N/A |
Summary: Little Compton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 40.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Little Compton, RI
How many homes are available in Little Compton, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Little Compton real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Little Compton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Compton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Little Compton in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 103 Days | +128.9% |
Summary: Homes in Little Compton had an average of 103 days on market in Nov 2024, up by 128.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Little Compton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Little Compton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
