This Week's Real Estate Market Report

Charlestown, RI 02813

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com


Charlestown, RI 02813

Fri Sep 20 2019
This week the median list price for Charlestown, RI 02813 is $544,250 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 44. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Charlestown, RI 02813

Fri Sep 20 2019
This week the median list price for Charlestown, RI 02813 is $544,250 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 44. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $544,250
Per Square Foot $302
Days on Market 148
Price Decreased 50%
Price Increased 0%
Relisted 18%
Inventory 44
Median House Rent $1,800
Most Expensive $2,350,000
Least Expensive $249,000
Market Action Index
Slight Seller's Advantage 		35

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,099,000 1,680 0.25 - 0.5 acre 3 2 40 0 0 246
$567,500 2,148 1 - 2.5 acres 3 2 37 3 0 131
$457,500 1,664 0.5 - 1 acre 3 2 33 1 0 128
$320,000 1,440 0.5 - 1 acre 3 1 41 2 2 89