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Featured local agent — Narragansett, RI
Sarah Mitchell
Compass Real Estate · Narragansett, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Narragansett, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$763,611median sale price
How is the Narragansett, RI housing market right now?
The median home sale price in Narragansett, RI is $763,611, down 15.2% year-over-year. Homes sell in an average of 27 days with 72 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Narragansett a buyer's or seller's market?
Narragansett, RI is currently a balanced market, based on 3.6 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
27
Average pace
Active listings
72
3.6 months supply
Sale-to-list
98.9%
Below asking
What does the Narragansett housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $763,611 |
| Median list price | $1.20M |
| Year-over-year price change | -15.2% |
| Average days on market | 27 days |
| Active inventory | 72 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $500/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 41 |
| Listings with a price cut | 11.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Narragansett by property type?
How the Narragansett, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $850,000 | $500/sq ft | 15 | 28 days |
| Condo / Co-op | $700,000 | $509/sq ft | 5 | 22 days |
Source: Redfin · Updated monthly
The Narragansett housing market is currently classified as a balanced market with a median sale price of $763,611. Prices have fallen 15.2% compared to last year, with homes spending an average of 27 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Narragansett
There are currently 72 homes listed for sale in Narragansett, Rhode Island. The median listing price is $1.2M.
Active listings
72
Homes on market
Median list price
$1.2M
Avg. days on market
27
Days until sale
New this week
41
Newly listed
What are homes worth in Narragansett?
Zillow home value
$872,300
Zillow rent index
$2,653/mo
Price-to-rent ratio
27.4x
Source: Zillow Research
Which public schools serve Narragansett?
3 schools tracked · 1,057 students
The largest public schools serving Narragansett, RI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Narragansett High School
Grades 9-12 · 427 students
Narragansett Elementary
Grades PK-4 · 342 students
Narragansett Pier School
Grades 5-8 · 288 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Narragansett, RI?
Want a head-to-head view? Compare Narragansett side-by-side with any other U.S. city using our market-comparison tool.
Is Narragansett a good real estate investment market?
For investors evaluating Narragansett, the price-to-rent ratio of 27.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Narragansett's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Narragansett's median home price.
Frequently asked questions
What is the average home price in Narragansett?
The median home sale price in Narragansett is $763,611, down 15.2% from last year.
How long do homes stay on market in Narragansett?
Homes typically spend 27 days on market before going under contract.
Is Narragansett a buyer's or seller's market?
With 3.6 months of supply, Narragansett is currently a balanced market.
What is the Zillow home value estimate for Narragansett?
The Zillow Home Value Index (ZHVI) for Narragansett is $872,300, representing the typical home value in the area.
What is the median condo price in Narragansett?
The median condo/co-op sale price in Narragansett, RI is $700,000, compared to $850,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Narragansett?
The median single-family home price in Narragansett, RI is $850,000 (about $500 per square foot).
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