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 Apr 24 2024
This week the median list price for Charlestown, RI 02813 is $689,000 with the market action index hovering around 44. This is less than last month's market action index of 51. Inventory has increased to 15. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Charlestown, RI 02813

Wed Apr 24 2024
This week the median list price for Charlestown, RI 02813 is $689,000 with the market action index hovering around 44. This is less than last month's market action index of 51. Inventory has increased to 15. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Charlestown market.
Median List Price $689,000
Median Price of New Listings $574,900
Per Square Foot $375
Average Days on Market 151
Median Days on Market 33
Price Decreased 27%
Price Increased 7%
Relisted 33%
Inventory 15
Median Rent
Market Action 44
Slight Seller's Advantage

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

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
$2,500,000 3,036 2.5 - 5 acres 4 3.5 9 0 0 84
$907,500 1,655 0.5 - 1 acre 3 2.3 17 1 0 115
$626,950 2,117 1 - 2.5 acres 3 2.3 14 2 0 16
$427,000 1,122 0.5 - 1 acre 2 2 35 0 1 10