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

Wed Nov 25 2020
This week the median list price for Charlestown, RI 02813 is $597,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has held steady at or around 26. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Nov 25 2020
This week the median list price for Charlestown, RI 02813 is $597,000 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has held steady at or around 26. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $597,000
Per Square Foot $365
Days on Market 56
Price Decreased 35%
Price Increased 0%
Relisted 4%
Inventory 26
Median Rent $800
Most Expensive $5,999,999
Least Expensive $329,000
Market Action 47
Strong Seller's Market

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
$1,620,000 2,124 1 - 2.5 acres 3 2 50 2 0 73
$857,500 2,484 1 - 2.5 acres 3 2 21 0 0 33
$565,000 1,520 0.5 - 1 acre 3 2 38 0 0 40
$489,000 1,296 0.5 - 1 acre 3 2 34 1 1 75