Is Charlestown, MA 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 September 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, MA

How much do homes in Charlestown, MA cost?

Median Sold Price

$925,000

$836/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,000(+0.9%)

Key Takeaway

Homes in Charlestown have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Charlestown was $925,000 in September 2024, up 0.9% from last year, and the median price per square foot was $836.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $535.5K$610K
+13.9%
2 $810K$850K
+4.9%
3 $1.3M$1.3M
+2.4%
4 $1.5M$1.7M
+13.8%
5+ $1.4M$2.2M
+47.6%

Summary: Charlestown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 47.6%.

Median Sold Price Compared To Nearby Neighborhoods

Bunker Hill
+4.4%
Charlestown
+0.9%

Housing Supply in Charlestown, MA

How many homes are available in Charlestown, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6970+1.4%

Summary: The Charlestown real estate market had 70 homes for sale in September 2024, a 1.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1316
+23.1%
2 2324
+4.3%
3 2318
-21.7%
4 88
0.0%
5+ 24
+100.0%

Summary: The Charlestown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3013-56.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Charlestown in September 2024, down by 56.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 0% were sold at asking, and 31% were sold over asking.

Days on Market for Charlestown, MA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days51 Days+108.6%

Summary: Homes in Charlestown had an average of 51 days on market in Sep 2024, up by 108.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 September 2024, 13 homes were sold in Charlestown; 31% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 15% 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 29 Days Ago

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