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

Sat Jul 31 2021
This week the median list price for Charlestown, RI 02813 is $649,900 with the market action index hovering around 69. This is an increase over last month's market action index of 64. Inventory has increased to 13. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Charlestown, RI 02813

Sat Jul 31 2021
This week the median list price for Charlestown, RI 02813 is $649,900 with the market action index hovering around 69. This is an increase over last month's market action index of 64. Inventory has increased to 13. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $649,900
Median Price of New Listings $649,000
Per Square Foot $381
Average Days on Market 79
Median Days on Market 42
Price Decreased 23%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent $2,400
Market Action 69
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,625,000 3,036 2.5 - 5 acres 3 3 19 0 0 98
$799,000 1,322 0.5 - 1 acre 3 2 49 1 0 42
$649,000 1,152 4,500 - 6,500 sqft 3 2 67 1 2 14
$279,450 1,088 0.5 - 1 acre 2 1 35 1 1 66