$759,000
2,003 SqFt
2 Beds
•2 Full Baths
Listing Office: RI Real Estate Services
September 2024
Report Updated 29 Days Ago
Is Narragansett, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Narragansett has remained a Seller's Market.
How much do homes in Narragansett, RI cost?
$825,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Narragansett was $825,000 in September 2024, up 10.8% from last year, and the median price per square foot was $487.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $239K | -36.3% |
2 Bedrooms | $549K | $685K | +24.8% |
3 Bedrooms | $795K | $780K | -1.9% |
4 Bedrooms | $807.5K | $957.5K | +18.6% |
5+ Bedrooms | $1.2M | $1.0M | -15.0% |
Summary: Narragansett housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.3%, 2 bedroom homes increased by 24.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 15%.
North Kingstown | $545K | $611K | +12.1% |
Wakefield | $584.5K | $649.6K | +11.1% |
Narragansett | $744.2K | $825K | +10.8% |
South Kingstown | $584K | $644.1K | +10.3% |
Saunderstown | $817.4K | $810K | -0.9% |
How many homes are available in Narragansett, RI?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
89 | 102 | +14.6% |
Summary: The Narragansett real estate market had 102 homes for sale in September 2024, a 14.6% increase compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 30 | 37 | +23.3% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Narragansett housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Narragansett in September 2024, up by 35.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
How long does it take to sell a home in Narragansett, RI?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
43 Days | 33 Days | -22.3% |
Summary: Homes in Narragansett had an average of 33 days on market in Sep 2024, down by 22.3% compared to last year.
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During September 2024, 23 homes were sold in Narragansett; 61% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 29 Days Ago
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MLS Disclaimers and Copyright
Based on information from Rhode Island State Wide MLS, and MLS Property Information Network Inc. for the period 10/01/2022 - 10/01/2024
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 2:35:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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