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

Sun Oct 06 2024
This week the median list price for Charlestown, RI 02813 is $839,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 21. 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

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Charlestown, RI 02813

Sun Oct 06 2024
This week the median list price for Charlestown, RI 02813 is $839,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 21. 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

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $839,000
Median Price of New Listings $749,000
Per Square Foot $469
Average Days on Market 60
Median Days on Market 21
Price Decreased 19%
Price Increased 5%
Relisted 19%
Inventory 21
Median Rent
Market Action 45
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$6,400,000 3,513 1 - 2.5 acres 5 4 56 1 0 56
$1,450,000 1,380 0.25 - 0.5 acre 3 2 54 0 0 35
$799,000 2,108 1 - 2.5 acres 3 3 51 2 0 7
$529,450 1,582 1 - 2.5 acres 3 2 62 2 0 21