$3,859 Closing Credit*
$325,000
860 SqFt
2 Beds
•2 Full Baths
Listing Office: Beaches & Backroads Realty
Is Charlestown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, RI
How much do homes in Charlestown, RI cost?
Median Sold Price
$585,000
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+4.0%)
Key Takeaway
Homes in Charlestown have sold for 4% more than they did a year ago.
Summary: The median home sold price in Charlestown was $585,000 in October 2024, up 4% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $281.4K | $284.9K | +1.3% |
| 2 Bedrooms | $300K | $475K | +58.3% |
| 3 Bedrooms | $579K | $585K | +1.0% |
| 4 Bedrooms | $1.2M | $658K | -45.2% |
| 5+ Bedrooms | $661K | $6.9M | +951.4% |
Summary: Charlestown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 45.2%, and 5+ bedroom homes increased by 951.4%.
Median Sold Price Compared To Nearby Cities
| Charlestown | $562.5K | $585K | +4.0% |
| Richmond | $434.9K | $421K | -3.2% |
Housing Supply in Charlestown, RI
How many homes are available in Charlestown, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The Charlestown real estate market had 49 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Charlestown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlestown, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Charlestown in October 2024, the same as the previous month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 57 Days | +198.8% |
Summary: Homes in Charlestown had an average of 57 days on market in Oct 2024, up by 198.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Charlestown has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Charlestown; 8% of homes were sold within 30 days, 77% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
