This Week's Real Estate Market Report
Charlestown, RI 02813
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Charlestown, RI 02813
Mon Jan 24 2022
This week the median list price for Charlestown, RI 02813 is $702,500 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $702,500 | |
| Median Price of New Listings | $745,000 | |
| Per Square Foot | $362 | |
| Average Days on Market | 151 | |
| Median Days on Market | 88 | |
| Price Decreased | 17% | |
| Price Increased | 17% | |
| Relisted | 33% | |
| Inventory | 6 | |
| Median Rent | $1,900 | |
| Market Action | 58 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,990,000 | 3,036 | 10 - 20 acres | 3 | 5 | 4 | 0 | 0 | 546 |
| $850,000 | 2,315 | 1 - 2.5 acres | 3 | 2.5 | 0 | 0 | 2 | 14 |
| $702,500 | 2,194 | 1 - 2.5 acres | 3 | 2.5 | 3 | 1 | 1 | 94 |
| $397,250 | 927 | 4,500 - 6,500 sqft | 2 | 1.5 | 41 | 0 | 3 | 77 |