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
Thu Apr 02 2020
This week the median list price for Charlestown, RI 02813 is $549,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 25.
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 and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $549,000 | |
| Per Square Foot | $295 | |
| Days on Market | 154 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 25 | |
| Median Rent | $800 | |
| Most Expensive | $2,650,000 | |
| Least Expensive | $199,000 | |
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,387,500 | 2,493 | 0.5 - 1 acre | 3 | 3 | 42 | 0 | 1 | 137 |
| $684,900 | 2,026 | 0.5 - 1 acre | 3 | 2 | 30 | 0 | 1 | 162 |
| $496,750 | 1,819 | 1 - 2.5 acres | 3 | 2 | 19 | 0 | 0 | 245 |
| $269,000 | 1,512 | 0.5 - 1 acre | 3 | 2 | 41 | 1 | 0 | 84 |