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

Mon Jul 22 2019
This week the median list price for Charlestown, RI 02813 is $534,700 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 56. Click here to stay informed with the Charlestown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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

Mon Jul 22 2019
This week the median list price for Charlestown, RI 02813 is $534,700 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 56. Click here to stay informed with the Charlestown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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 $534,700
Per Square Foot $315
Days on Market 142
Price Decreased 27%
Price Increased 0%
Relisted 11%
Inventory 56
Median House Rent $475
Most Expensive $3,500,000
Least Expensive $69,995
Market Action Index
Slight Seller's Advantage 		36

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
$1,222,000 2,090 0.25 - 0.5 acre 3 2 39 1 0 228
$613,700 1,822 1 - 2.5 acres 3 2 21 0 1 178
$444,450 1,610 1 - 2.5 acres 3 2 30 2 0 119
$334,000 1,134 0.5 - 1 acre 3 1 35 3 0 42