Charlestown Single Home Sales in January 2023 Recap
Find the Best Buy Homes and Condominiums in Charlestown Here
The Charlestown single family number of sold homes this month is 56% less than the prior month. The pending real estate sales this month are equal to the prior month. There is limited home inventory under one million dollars of Charlestown homes for sale.
Home buyers need to be ready, willing and able to buy on homes in all price ranges in making a property offer. Sellers do reach out to me now as I have a list of buyers waiting for homes to buy. The right priced home is wanted by buyers and will continue to grow in demand.This Charlestown home sale market update is provided by Ginny Gorman of RI coastal real estate where you can search for condos and homes for sale.
Furthermore, home buyers have indicated they want well priced homes that need little updating unless they are in the right area. There are five factors that will sell your home in the best manner so understand them. Ensuring that you price and stage your home properly are key factors always.
When you have the Atlantic Ocean at many oceanfront home doorsteps, home prices can be in the higher price range. The lack of homes for sale in Charlestown especially under $600,000 remains a need for buyers.
This is a mixture of a waterfront and rural community living depending upon your desire for the Charlestown RI home location. It is wonderful to be able to have that choice in this coastal town.
Oceanfront, waterfront, water view and being near the beach make these homes in demand. Consider buying now for yourself or for generations to come and buying as an extended family. It is a great way to spend family time together by the coast.
Home buyers are actively seeking good property values and lower priced affordable homes with the town’s lower real estate taxes. This makes Charlestown a highly desirable community to buy into.
What does this town offer home buyers? It is closer to Connecticut and New York to a wonderful ocean area retreat and offers oceanfront residences as well as country homes. It is the stunning coastline, quiet neighborhoods, beach side homes and quiet landscapes that draw home buyers to Charlestown. Here is the Charlestown home sales update for the current month, as follows:
- Properties active and on the market: 20 (but 3 of these Active homes are in sales agreement and awaiting closing)
- Single-family properties sold: 4 (9 in prior month)
- Average sales price: $529,000
- Median sales price: $458,000
- Sales price to list price ratio: 98%
- Average days on the market until in sales agreement: 7
- Sales currently pending awaiting closing: 4
- Highest priced home sold this month was $1,000,000 on the Arnolda area.
The Charlestown average home sold price in 2022 is 29% more than 2021 (the median price increase is 24% over this period). The number of homes sold in 2022 is 18% less than those sold in 2021. With only one month of home sale data for 2023 we expect fewer home sales this year as mortgage rates rise.
The average home sold in 2022 is a 3 bedroom, 2 bath home with 1700 square feet of above ground living space. The average above ground square foot cost of a sold Charlestown home is $488 in 2022.
The stunning Charlestown coastal luxury homes are a continual draw for home buyers. Whether it is condo living or a single family home you desire the right living choices may be here for you. And if not I am sure I can help you find what you need. Whether winter or summer this is a southern RI town that offers nature and water within a drive of any home.
Charlestown’s home absorption rate is a balanced real estate market at present with 4 months of home inventory.
- Home absorption is the amount of time it will take to sell all the homes currently on the market without any additional homes being added to the market.
- Breakdown of the 4 Charlestown home sales is as follows for the month: 1 home sold under $300,000, 1 homes sold between $300,000-$400,000, 1 home sold over $400,000 but less than a million dollars and 1 home sold for over $1 million.
From coastal Charlestown homes to the rural country homes. You are never far from the ocean and the Rhode Island beaches here. It is a great time to buy in the Quonnie neighborhood too if you are looking at beachfront homes for sale.
Here is a sampling of the most current Charlestown homes for sale under $500,000:
Here is a sampling of the most current Charlestown homes for sale over $500,000:
Whether you are buying or selling in the RI coastal real estate market, I would love the opportunity to earn your trust and business. As a top selling Charlestown home specialist I have sold homes for many years in the community which I know and love. Charlestown and all southern RI is my real estate stomping grounds for clients.
Here are the Charlestown condos for Sale:
NOTE: If no condos appear above it means that none are for sale at present.
Do reach out to me, Ginny Gorman, at (401) 529-7849 or email me at RiByTheBay@gmail.com for a conversation so we may discuss your RI home sale options. Knowing the nooks and crannies of the Charlestown area is what brings knowledge to my clients. I work only with defined clients so put your trust in me to guide you well. Whether selling or buying in Charlestown or other RI towns always Remember I work for you!
“Real Estate is My Passion … Marketing Drives My Business…Both Are in my DNA”
January 2023 Charlestown Real Estate Sales Market Report is essential for all home sellers.