Comprehensive market data and analysis• Updated Oct 2026
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 5 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 6 | 6 |
Acreage buckets
The median price for land in Narragansett, Rhode Island is currently $2.9M per acre. For a typical parcel, the median sale price is $600K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $538K while premium lots reached $2.4M.
Narragansett, Rhode Island is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Narragansett, Rhode Island currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Narragansett, Rhode Island saw 6 properties sold, totaling $7.0M in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Narragansett, Rhode Island typically sells within 87 days of listing. The median time on market is 104 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 7 active listings in Narragansett, Rhode Island. 3 new listings have hit the market in the last 90 days. The median asking price is $190K.
The 3-month absorption rate in Narragansett, Rhode Island is 4.8%. The 12-month rate is 7.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Narragansett on LandyDandy.
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