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

Tue May 18 2021
This week the median list price for Charlestown, RI 02813 is $427,450 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Charlestown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Charlestown, RI 02813

Tue May 18 2021
This week the median list price for Charlestown, RI 02813 is $427,450 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Charlestown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $427,450
Median Price of New Listings $389,900
Per Square Foot $397
Average Days on Market 68
Median Days on Market 25
Price Decreased 28%
Price Increased 0%
Relisted 17%
Inventory 18
Median Rent $800
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,159,500 2,629 1 - 2.5 acres 3 3 29 0 0 196
$689,900 1,648 0.5 - 1 acre 3 1 31 0 0 24
$419,000 1,092 0.5 - 1 acre 2 2 33 1 1 7
$339,900 800 0.5 - 1 acre 2 1 42 1 0 14