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

Fri May 27 2022
This week the median list price for Charlestown, RI 02813 is $822,500 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has increased to 14. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Charlestown, RI 02813

Fri May 27 2022
This week the median list price for Charlestown, RI 02813 is $822,500 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has increased to 14. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $822,500
Median Price of New Listings $669,450
Per Square Foot $443
Average Days on Market 80
Median Days on Market 14
Price Decreased 14%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 63
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$3,250,000 3,036 0.5 - 1 acre 3 3.5 34 0 0 105
$1,900,000 1,637 0.25 - 0.5 acre 3 2.5 7 0 0 28
$742,000 2,240 1 - 2.5 acres 3 2.5 35 2 0 3
$455,000 1,882 0.5 - 1 acre 3 2 49 0 0 10