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 Nov 27 2021
This week the median list price for Charlestown, RI 02813 is $632,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased to 20. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Nov 27 2021
This week the median list price for Charlestown, RI 02813 is $632,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased to 20. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $632,000
Median Price of New Listings $485,000
Per Square Foot $383
Average Days on Market 87
Median Days on Market 35
Price Decreased 30%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent
Market Action 53
Strong Seller's Market

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
$2,400,000 2,496 1 - 2.5 acres 3 2.5 43 0 0 63
$765,000 2,148 1 - 2.5 acres 4 2.5 5 0 0 35
$579,900 1,128 0.25 - 0.5 acre 2 1 60 1 0 35
$380,000 1,138 0.25 - 0.5 acre 2 1.5 33 0 0 21