Charlestown RI Real Estate Market May 2024 Update

Charlestown Home Sales in May 2024 Recap


Find the Best Buy Homes and Condominiums in Charlestown Here


The Charlestown single family number of sold homes this month is 56% more than the prior month.  The homes in pending awaiting closing this month is 10 homes.  This town is coastal RI real estate at its best to enjoy for all who own here3

Home buyers in the Charlestown real estate market need to be ready and able to buy or make an offer on homes in all price ranges.  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,a top RI real estate agent, of RI coastal real estate where you can search for properties for sale.


Charlestown Single Home Sales in May 2024 Recap from noted Realtor in RI Gnny Gorman


Furthermore, home buyers have indicated they want well priced homes that need little updating. Homes priced well and in the right location sell well.  There are primarily five factors that will sell your home in the best manner.

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 need 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.  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 lower 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 May 2024 Update from Ginny Gorman, Noted RI Real Estate Agent of Choice. 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 27 (but 4 of these Active homes is in sales agreement awaiting closing)
  • Single-family properties sold: 8 
  • Average sales price: $1,115,000 
  • Median sales  price: $775,000  
  • Sales price to list price ratio: 97%
  • Average days on the market until in sales agreement: 9
  • Sales currently pending awaiting closing: 10
  • Highest priced home sold this month was $2,500,000 in the Foster Cove waterfront area.

The Charlestown average home sold price so far in 2024 is 41% more than 2023 (the median price increase is 32% higher over this period).  The number of homes sold in January-May 2024 is 13% less than those sold in January-May 2023.


The average home sold in 2024 is a 3 bedroom, 2 bath home with 1600 square feet of above ground living space so far.  The average above ground square foot cost of a sold Charlestown home is $521 (median square footage cost $401) in 2024 so far.

The stunning Charlestown coastal luxury homes are a continual draw for home buyers.  And if not I am sure I can help you find what you need.  Whether winter or summer this town offers nature and water within an easy drive of any home.

Charlestown RI Home Sale Market May 2024 Report by Ginny Gorman,top Charlestown real estate agent.

Charlestown’s home absorption rate is a sellers real estate market at present with 3.4  months of home inventory available.  Yet, half the homes for sale are over $1 million.

  • 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: 0 home sold under $300,000, 0 homes sold between $300,000-$400,000, 6 homes sold over $400,000 but less than a million dollars andhomes sold for over $1 million.

From coastal Charlestown homes for sale 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.  Charlestown and all southern RI are my real estate stomping grounds for clients.

Here are the Charlestown condos for Sale:

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 & other RI towns.Remember I work for you as a trusted real estate professional!


“Real Estate is My Passion … Marketing Drives My Business…both Are in my DNA”


May 2024 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.