Is Charlestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Charlestown has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $283.1K | +39.8% |
2 Bedrooms | $489.9K | $335K | -31.6% |
3 Bedrooms | $605.5K | $579K | -4.4% |
4 Bedrooms | $748.5K | $650K | -13.2% |
5+ Bedrooms | $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 | $430K | $419.9K | -2.3% |
Charlestown | $605K | $535K | -11.6% |
Housing Supply in Charlestown, RI
How many homes are available in Charlestown, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 8 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 57 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
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.