Is Little Compton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$910,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Little Compton was $910,000 in April 2024, up 4% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82.5K | N/A |
2 Bedrooms | $510K | $725K | +42.2% |
3 Bedrooms | $887.5K | $960K | +8.2% |
4 Bedrooms | $820K | $762.6K | -7.0% |
5+ Bedrooms | $1.6M | $1.1M | -31.9% |
Summary: Little Compton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 31.9%.
Housing Supply in Little Compton, RI
How many homes are available in Little Compton, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Summary: The Little Compton real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Little Compton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Little Compton in April 2024, the same as the previous month. Of the 1 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 6 Days | -92.0% |
Summary: Homes in Little Compton had an average of 6 days on market in Apr 2024, down by 92% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 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.