Is Charlestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Charlestown was a Seller's Market.
Key Takeaway
Charlestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charlestown, RI
How much do homes in Charlestown, RI cost?
Median Sold Price
$560,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charlestown have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Charlestown was $560,000 in April 2024, down 8.9% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $240.7K | -17.0% |
| 2 Bedrooms | $340K | $411.2K | +21.0% |
| 3 Bedrooms | $621.2K | $581K | -6.5% |
| 4 Bedrooms | $790K | $650K | -17.7% |
| 5+ Bedrooms | $1.3M | $590K | -56.5% |
Summary: Charlestown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 56.5%.
Median Sold Price Compared To Nearby Cities
| Richmond | $417.7K | $433.7K | +3.8% |
| Charlestown | $615K | $560K | -8.9% |
Housing Supply in Charlestown, RI
How many homes are available in Charlestown, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Charlestown real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Charlestown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 54.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Charlestown, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Charlestown in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 11 Days | -64.8% |
Summary: Homes in Charlestown had an average of 11 days on market in Apr 2024, down by 64.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlestown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Charlestown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
