This Week's Real Estate Market Report

Charlestown, RI 02813

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Charlestown, RI 02813

Sun Aug 18 2019
This week the median list price for Charlestown, RI 02813 is $529,900 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 51. Click here to stay informed with the Charlestown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Sun Aug 18 2019
This week the median list price for Charlestown, RI 02813 is $529,900 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 51. Click here to stay informed with the Charlestown market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $529,900
Per Square Foot $311
Days on Market 147
Price Decreased 29%
Price Increased 0%
Relisted 12%
Inventory 51
Median House Rent $475
Most Expensive $2,350,000
Least Expensive $69,995
Market Action Index
Slight Seller's Advantage
36

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
$1,222,000 2,090 0.5 - 1 acre 3 2 41 0 1 180
$634,900 1,825 1 - 2.5 acres 3 2 37 1 1 256
$459,900 1,700 1 - 2.5 acres 3 2 31 3 1 89
$339,000 1,138 1 - 2.5 acres 3 1 36 2 1 64