$3,918 Closing Credit*
$329,900
858 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Compass
Is Charles, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Charles was a Buyer's Market.
Key Takeaway
Charles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charles, RI
How much do homes in Charles, RI cost?
Median Sold Price
$415,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,890(+14.6%)
Key Takeaway
Homes in Charles have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Charles was $415,000 in October 2024, up 14.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $261K | N/A |
| 2 Bedrooms | $253K | $300K | +18.6% |
| 3 Bedrooms | $325K | $399.5K | +22.9% |
| 4 Bedrooms | $360K | $480K | +33.3% |
| 5+ Bedrooms | $485K | $550K | +13.4% |
Summary: Charles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Mount Hope | $503K | $675K | +34.2% |
| Charles | $362.1K | $415K | +14.6% |
Housing Supply in Charles, RI
How many homes are available in Charles, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Charles real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Charles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Charles in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Charles, RI
How long does it take to sell a home in Charles, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +78.6% |
Summary: Homes in Charles had an average of 25 days on market in Oct 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charles are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Charles; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
