$10,000 Closing Credit*
$925,000
1,276 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Coastal
Is Little Compton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Little Compton has remained a Seller's Market.
Key Takeaway
Little Compton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Little Compton, RI
How much do homes in Little Compton, RI cost?
Median Sold Price
$944,250
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,750(+1.3%)
Key Takeaway
Homes in Little Compton have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Little Compton was $944,250 in October 2024, up 1.3% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $655K | $525K | -19.8% |
| 3 Bedrooms | $1.1M | $930K | -19.1% |
| 4 Bedrooms | $820K | $1.0M | +24.9% |
| 5+ Bedrooms | $790K | $2.0M | +156.3% |
Summary: Little Compton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 156.3%.
Housing Supply in Little Compton, RI
How many homes are available in Little Compton, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Little Compton real estate market had 16 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Little Compton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Compton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Little Compton in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 45 Days | -50.0% |
Summary: Homes in Little Compton had an average of 45 days on market in Oct 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Little Compton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Little Compton; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
