Welcome to Narragansett, Rhode Island: Your Coastal Haven

As a dedicated real estate agent, I'm thrilled to introduce you to the enchanting town of Narragansett, Rhode Island.
Narragansett offers a unique blend of coastal charm, vibrant community, and a thriving real estate market.
Whether you're looking to buy your dream home or sell your cherished property, Narragansett presents incredible opportunities.
Let's dive into what makes this coastal gem so special.

The Narragansett Real Estate Market: A Seller's Delight

The Narragansett real estate market is currently experiencing high demand, making it an excellent time for sellers.
The Months Supply of Inventory is notably low at 1.55, indicating that there are fewer homes available compared to the number of buyers actively seeking properties[cite: 308, 309].
This scarcity is further highlighted by a significant 64.29% decrease in the 12-Month Change in Months of Inventory, showcasing a market that has tightened considerably over the past year[cite: 310].

Properties are selling quickly, with a Median Days on Market of just 75 days, reflecting the eagerness of buyers to secure homes in this desirable area[cite: 318].
Additionally, the Sold to List Price Percentage is robust at 96.5%, indicating that homes are selling very close to their listing prices[cite: 318].
The Median Sold Price stands at $949,000, underscoring the strength of property values in Narragansett[cite: 318].
For sellers, this translates to a market where properties are likely to sell rapidly and at favorable prices.

Estimated Home Values and Market Trends in Narragansett

Estimated home values in Narragansett are on the rise, reflecting the area's growing desirability.
The median estimated home value in Narragansett is $898K[cite: 579, 580].
There has been a 2.56% increase in the median estimated home value over the last month, a slight increase of 0.04% over the last 3 months, a 9% increase over the last 12 months, and a 15.88% increase over the last 24 months[cite: 579, 580].
These figures indicate a strong upward trend in property values, making it an opportune time for homeowners to consider selling and capitalize on their investment.

These valuations are generated by a valuation model and are not formal appraisals, using public records and MLS data[cite: 580, 581, 582, 583].
The 12-month change in estimated value shows a 9% increase, and over the past 24 months, there has been a 15.88% increase[cite: 582].
Looking at the bigger picture, the estimated home values have increased by an impressive 28.54% over the last 36 months[cite: 582].

The market remains healthy with a concentration of distressed properties at zero[cite: 584].

Sales and List Price Dynamics in Narragansett

The sales price dynamics in Narragansett further illustrate the market's vibrancy.
The median sales price is $949K, with significant increases across various timeframes: a 28.47% increase over the last month, a 27.28% increase over the last 3 months, an 18.26% increase over the last 12 months, and an impressive 34.61% increase over the last 24 months[cite: 586].
These metrics highlight the substantial growth in sales prices, making it an advantageous time for sellers to list their properties.

List prices also reflect this upward trend.
The median list price is $1.1M, showing an 11.06% increase over the last month, a 10.24% increase over the last 3 months, and a 23.96% increase over the last 12 months[cite: 587].
However, there has been a smaller increase of 15.42% over the last 24 months[cite: 587].
These figures indicate that sellers are listing their properties at competitive prices, aligning with the market's strong demand.

New Listings and Property Variety in Narragansett

Narragansett boasts a variety of new listings, catering to diverse buyer preferences.
In the last 3 months, there have been several new listings, including single-family homes and condos/townhouses[cite: 590, 591, 592].
New listings range from $2,150 to $2,995,000, with median prices around $795,000[cite: 592].
These properties offer a range of features, from brand new constructions with modern amenities to charming older homes with coastal appeal.

For example, a new construction single-family home on South Pier Road, listed at $2,995,000, features 4 bedrooms, 3.5 bathrooms, and expansive living spaces[cite: 595, 596, 597, 598, 599, 600, 601, 602, 603].
Another single-family home on Tupelo Trail, listed at $765,000, offers 4 bedrooms, 2 bathrooms, and a spacious open-concept layout[cite: 605, 606, 607, 608, 609, 610, 611, 612, 613].
There are also weekly summer rentals available, such as a 4-bedroom house on Angell Road, providing options for those seeking seasonal getaways[cite: 613, 614, 615, 616, 617, 618, 619, 620, 621, 622, 623].

Pending Sales and Market Activity in Narragansett

The pending sales in Narragansett indicate continued market momentum.
As of mid-March 2025, there were 7 pending sales with a median price of $949,000[cite: 592, 669, 670].
These pending sales include a range of property types and prices, from single-family homes to luxury oceanfront estates.

For instance, a single-family home on Lambert Street, with 5 bedrooms and 2 bathrooms, was pending as of February 20, 2025, with a list price of $819,000[cite: 671].
A luxury oceanfront estate on Bass Rock Road, featuring 4 bedrooms and 6 bathrooms, was pending as of March 16, 2025, with a list price of $7,900,000[cite: 671, 672, 673, 674, 675, 676, 677, 678].
These pending sales reflect the diverse and dynamic nature of the Narragansett real estate market.

Narragansett's Appeal: More Than Just Real Estate

Narragansett is more than just a place to buy or sell a home; it's a community with a rich history and a vibrant present.
The town offers beautiful beaches, including the famed Narragansett Beach and Roger Wheeler State Beach, providing residents with ample opportunities for relaxation and recreation[cite: 343, 344, 345, 346, 347, 348, 349, 350, 351, 352, 353, 354, 355, 356, 357, 358, 359, 360, 361, 362, 363, 364, 365, 366, 367, 368, 369, 370, 371, 372, 373, 374, 375, 376, 416, 417].
The area is also known for its charming seaside shops, restaurants, and recreational opportunities, including boating, kayaking, and fishing[cite: 359, 360, 361, 416, 417].

The town's location is ideal, offering a coastal haven within easy reach of major cities.
Narragansett is approximately 90 minutes from Boston and less than 3 hours from New York City, making it an attractive option for those seeking a getaway or a permanent coastal residence[cite: 347].
This accessibility enhances the town's appeal, drawing in buyers from various regions.

Partner with a Local Expert

As a local real estate expert, I am committed to helping you navigate the Narragansett market with ease.
Whether you're looking to find the perfect family home, a luxury retreat, or an investment property, I have the knowledge and resources to make your real estate goals a reality.

Thank you for considering Narragansett for your real estate endeavors.
I am here to assist you every step of the way.

**Contact Information:**

Juli McIntosh

Realtor

Rhode Island Real Estate License: RES.0044817

RE/MAX ADVANTAGE GROUP

Work: (401) 954-4880

Main: mcintoshmakeithappen@gmail.com

Agent: https://juli-mcintosh.remax.com/

RE/MAX Advantage Group

652 East Avenue

Warwick, RI 02886

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