Real Estate Market Update for Narragansett, RI
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 10% from one year earlier and down 4% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 60% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price . The number of units sold Increased 31% year-over-year and Increased 21% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Narragansett, RI
Area Information for Narragansett, RI
  • Community Character: Moderate Residential Turnover, Coastal Area
  • Population: 14,064
  • Median Age: 43.78 yr
  • Median Commute Time: 21.12 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 117
  • Sales Tax: 7%
  • Population Density: 934/sq mi
  • Population Change Since 2000: -5%
  • Closest Airport: Theodore Francis Green State
  • Closest College: University Of Rhode Island
  • Closest Jr. College: New England Inst Of Tech
  • Median Household Income: $56,069
  • Annual Residential Turnover: 17.55%
  • Median Years in Residence: 4.08 yr
  • Median Home Sales Price: $330,000
  • Closest Major Sports Team: Pawtucket Red Sox (aaa)
  • Change Avg. Household Income Since 2000: 15%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Narragansett, RI
Median Age: 43.78 Married: 39% Number of Households: 6,062 Households with Children: 850
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Narragansett, RI

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Peace Dale Elementary School 0.6 mi Public K-4 4-5 4
      Broad Rock Middle School 0.9 mi Public 5-6 4 4
      Curtis Corner Middle School 1.0 mi Public 7-8 4-5 2
      South Kingstown High School 1.1 mi Public 9-12 4-5 4
      South Kingstown Inclusionary Pre-school 1.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Wakefield Elementary School 1.5 mi Public K-4 4 0
      Msgr Matthew F Clarke Catholic Regional 1.7 mi Catholic PRESCHOOL-8 0 0
      Immaculate Conception Academy 1.7 mi Catholic 9-12 0 4
      The Prout School 1.7 mi Catholic 9-12 0 4
      Narragansett Elementary School 2.3 mi Public PRESCHOOL-4 4-5 5
      Kingston Hill Academy 2.8 mi Public K-5 5 4
      Narragansett High School 2.8 mi Public 9-12 5 5
      Narragansett Pier School 2.9 mi Public 5-8 4-5 0
      Ocean Tides 4.5 mi Public 9-12 0 0
      Ocean Tides School 4.5 mi Private 9-12 0 0
      Matunuck School 5.8 mi Public K-4 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Narragansett, RI
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.