Charlestown RI Home Sale Market October 2023 Update

Charlestown Single Home Sales in October 2023 Recap


Find the Best Buy Homes and Condominiums in Charlestown Here


The Charlestown single family number of sold homes this month is 8 homes and 1 more than the prior month.  The pending real estate sales this month (5 homes) are 1 more than the prior month.  There is a limited number of Charlestown homes for sale under one million dollars. Yet, there are mobile homes on leased land in the lower price range for sale if that is your desire.  This town is RI real estate at its best to enjoy for all who own here.

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.

Charlestown Single Home Sales in October 2023 Recap


Furthermore, home buyers have indicated they want well priced homes that need little updating. Homes priced well and in the right area do well.  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 home back porches, home prices are in a higher price range.  The lack of homes for sale in Charlestown especially under $600,000 remains a current request for home buyers.

Oceanfront, waterfront, water view and being near the beach make these Charlestown 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.

Charlestown home buyers are seeking good property values and 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?  Charlestown is closer to Connecticut and New York and a wonderful ocean area retreat. The area offers oceanfront residences as well as country homes.  It is the stunning coastline, quietCharlestown RI Real Estate Market August 2023 Update neighborhoods, beach side homes and quiet landscapes that draw home buyers here.   Here is the Charlestown home sales update for this month, as follows:

  • Properties active and on the market 21 (but 4 of these Active homes are in sales agreement and awaiting closing)
  • Single-family properties sold: 8 (7 in prior month)
  • Average sales price: $582,000 
  • Median sales  price: $568,000  
  • Sales price to list price ratio: 103%
  • Average days on the market until in sales agreement: 19
  • Sales currently pending awaiting closing: 5
  • Highest priced home sold this month was $875,000 in the Matunuck Schoolhouse neighborhood.

The Charlestown average home sold price in 2023 is 21% less than 2022 so far (the median price decrease is 10% over this period).  The number of homes sold in January-October 2023 is 36% less than those sold in January-October 2022.


The average home sold so far in 2023 is a 3 bedroom, 2 bath home with 1600 square feet of above ground living space.  The average above ground square foot cost of a sold Charlestown home is $420 (median square footage cost $346) in 2023.

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 RI Home Sale Market October 2023 Report

Charlestown’s home absorption rate is a sellers RI real estate market at present with 2.6 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 8 Charlestown home sales is as follows for the month: 1 home sold under $300,000, 7 homes sold between $300,000-$400,000, 0 homes sold over $400,000 but less than a million dollars andhomes 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 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”

October 2023 Charlestown Real Estate Sales Market Report is essential for all home sellers.


This is the time to reach out to me, Ginny Gorman, by email at for an appointment or call me at 401.529.7849 to discuss listing your Charlestown house for sale.  Knowing the Rhode Island towns well, integrity in every sale and having strong negotiation skills works successfully for my clients.