$8,253 Closing Credit*
$695,000
8 Beds
•4 Full Baths
Listing Office: RE/MAX Innovations
Is Charles, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Charles has remained a Seller'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
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+13.7%)
Key Takeaway
Homes in Charles have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Charles was $415,000 in November 2024, up 13.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $261K | N/A |
| 2 Bedrooms | $262.7K | $310K | +18.0% |
| 3 Bedrooms | $336K | $380K | +13.1% |
| 4 Bedrooms | $365K | $475K | +30.1% |
| 5+ Bedrooms | $510K | $557.5K | +9.3% |
Summary: Charles housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Hope | $580K | $715K | +23.3% |
| Mount Hope | $501.5K | $590K | +17.6% |
| Charles | $365K | $415K | +13.7% |
Housing Supply in Charles, RI
How many homes are available in Charles, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Charles real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Charles housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Charles in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 32 Days | +80.3% |
Summary: Homes in Charles had an average of 32 days on market in Nov 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 4 homes were sold in Charles; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
