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(Prices and inventory current as of Nov 30, 1999)

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Real Estate Market Update | Charlestown | 2023 1st Quarter Vs 2022 1st Quarter

May 6, 2023 By: Category: Real Estate Market Update

Real Estate Market Update | Charlestown | 2023 1st Quarter Vs 2022 1st Quarter

Welcome to The Griffin Real Estate Market Update

If you’re thinking about buying or selling residential real estate, it’s  important to understand the current market trends. 

According to MLSPIN, the marketplace for Charlestown residential  properties, here’s what happened in Q1 2023 versus Q1 2022: 

The Number of SOLD listings decreased by 23% to 36 properties  with a top sale of $3 million at 45 Soley St. in Charlestown. 

The Average Sales Price decreased by 6% to $1 million moving the  Average Price Per Square Foot down to $755 per square foot. 

The inventory of properties available for sale as measured in months  supply decreased by 18% to 0.72 months worth of properties for  sale. 

The average 30 year fixed mortgage rate increased to 4.73%  according to Bank Rate.com

Thanks for tuning in, we’ll see you in the next Griffin Real Estate  Market Update.

Charlestown

Average Sales Price
Q1 2022 – $1063200.57
Q1 2023 – $1004138.89
decreased by 6%

Average Days On Market
Q1 2022 – 43
Q1 2023 – 48
increased by 12%

Average Sale Price Per Square Foot
Q1 2022 – $759.34
Q1 2023 – $755.4
decreased by 1%

Sale to List Price Ratio
Q1 2022 – 99.91%
Q1 2023 – 99.03%
decreased by 1%

Number of Sold Listings
Q1 2022 – 47
Q1 2023 – 36
decreased by 23%

Months Supply of Inventory
Q1 2022 – 0.88
Q1 2023 – 0.72
decreased by 18%

Mortgage Rate
Q1 2022 – 6.48%
Q1 2023 – 4.73%
37% increased

Top 10 Sales

  1. $3000000 45 Soley St. Charlestown, MA
  2. $1850000 6 Monument Street Charlestown, MA
  3. $1700000 14 Monument Court Charlestown, MA
  4. $1690000 22 Elm Street Charlestown, MA
  5. $1675000 9 Eden #1 Charlestown, MA
  6. $1425000 197 8th Street #PH10 Charlestown, MA
  7. $1350000 38 Cook St Charlestown, MA
  8. $1350000 463 Rutherford Ave #401 Charlestown, MA
  9. $1200000 44 High St #4 Charlestown, MA
  10. $1181000 340 Medford Street #340-2 Charlestown, MA

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