Is Charlestown, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlestown is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Charlestown has remained a Seller's Market.

Key Takeaway

Charlestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Charlestown, RI

How much do homes in Charlestown, RI cost?

Median Sold Price

$535,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$70,000(-11.6%)

Key Takeaway

Homes in Charlestown have sold for 11.6% less than they did a year ago.

Summary: The median home sold price in Charlestown was $535,000 in February 2024, down 11.6% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $202.5K$283.1K
+39.8%
2 $489.9K$335K
-31.6%
3 $605.5K$579K
-4.4%
4 $748.5K$650K
-13.2%
5+ $1.3M$590K
-56.5%

Summary: Charlestown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 56.5%.

Median Sold Price Compared To Nearby Cities

Richmond
-2.3%
Charlestown
-11.6%

Housing Supply in Charlestown, RI

How many homes are available in Charlestown, RI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
23230.0%

Summary: The Charlestown real estate market had 23 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 58
+60.0%
3 1311
-15.4%
4 42
-50.0%
5+ 00
0.0%

Summary: The Charlestown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlestown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Charlestown in February 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Charlestown, RI

How long does it take to sell a home in Charlestown, RI?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days57 Days+7.0%

Summary: Homes in Charlestown had an average of 57 days on market in Feb 2024, up by 7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Charlestown has remained consistent over time.

Summary: During February 2024, 8 homes were sold in Charlestown; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Charlestown, RI

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