Charlestown Single Home Sales in May 2022 Recap
Find the Best Buy Homes and Condominiums in Charlestown Here
The Charlestown single family number of sold homes in May 2022 are 32% less than the prior month. The pending real estate sales this month are down 63% over the prior month. There is a limited home inventory of Charlestown home sales like most of southern RI.
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. 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 is certainly key factors always.
Ensure you work with a real estate professional who knows the real estate area well that you are buying into. When you have the Atlantic Ocean at many oceanfront home doorsteps, home prices can be in the higher 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 Charlestown RI home location. It is wonderful to be able to have that choice in this RI coastal town.
As they say, oceanfront, waterfront and being near the beach are 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 at far better prices. It is the stunning coastline, quiet neighborhoods, beach side homes and serene landscapes that draw home buyers to this Charlestown location. Here is the Charlestown home sales update for the current month, as follows:
- Properties active and on the market: 21 ( but 10 of these Active homes are in sales agreement and awaiting closing)
- Single-family properties closed: 13 (19 in prior month)
- Average sales price: $1,516,000
- Median sales price: $700,000
- Sales price to list price ratio: 101%
- Average days on the market until in sales agreement: 11
- Sales currently pending awaiting closing: 6 (16 in prior month)
- Highest priced home sold this month was $9,500,000 in Quonnie in West Beach.
The Charlestown average homes sold price in January-May 2022 is 42% more than January-May 2021 (the median price increase is 11% over this period). The number of homes sold is the same year over year in the same time period.
The average home sold so far in 2022 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 $494 so far this year.
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 sellers real estate market at present with 1.6 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 13 Charlestown home sales is as follows for the month: 0 home sold under $300,000, 0 homes sold between $300,000-$400,000, 9 homes sold over $400,000 but less than a million dollars and 4 homes 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:
Reach out to me, Ginny Gorman, at (401) 529-7849 or email me at RiByTheBay@gmail.com for a conversation appointment 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”
May 2022 Charlestown Home Sales Market Report