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 Dec 03 2022
This week the median list price for Charlestown, RI 02813 is $604,950 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has decreased to 16. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Charlestown, RI 02813

Sat Dec 03 2022
This week the median list price for Charlestown, RI 02813 is $604,950 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has decreased to 16. 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $604,950
Median Price of New Listings $759,900
Per Square Foot $419
Average Days on Market 103
Median Days on Market 35
Price Decreased 31%
Price Increased 6%
Relisted 25%
Inventory 16
Median Rent
Market Action 43
Slight Seller's Advantage

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
$3,595,000 3,283 1 - 2.5 acres 3 4 44 0 0 108
$827,450 1,791 0.25 - 0.5 acre 3 2 31 1 0 52
$499,000 1,892 0.5 - 1 acre 3 2 26 0 2 14
$410,000 1,181 0.25 - 0.5 acre 1 1 43 0 1 28