Westerly, RI Foreclosures
How much do homes sell for in Westerly, RI?
The average home price is currently $789,948.
In Westerly, RI, how many homes are available?
There are currently 15 active home listings available in Westerly.
What’s the average rental cost in Westerly, RI?
The average rental price in Westerly is $1,475.
What is the most expensive home in Westerly?
The most expensive home sold in Westerly had a price of $45,445,852.
What is currently the cheapest priced home in Westerly, RI?
The cheapest home for sale in Westerly is priced at $16,707.
Living in Westerly, RI
Westerly, RI is a picturesque coastal town known for its beautiful beaches, charming downtown area, and vibrant community activities. With family-friendly amenities and rich cultural heritage, Westerly offers an exceptional quality of life for residents. The town's natural beauty and recreational opportunities make it a popular spot for both locals and visitors.
Current Market Conditions in Westerly, RI
The real estate market in Westerly, RI remains strong, with property values appreciating over the past year. The combination of seaside living and a growing desire for larger homes offers a diverse spectrum of options for buyers. The demand for single-family homes continues to rise, significantly impacting the overall market trends.
In recent months, we have observed an increase in buyer interest in Westerly, driven by gains in remote working opportunities and a desire for secondary residences. Homes are generally selling quickly, often receiving multiple offers. As a result, many listings face competitive bidding, making it a seller's market.”],
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market_change_month
The past month has seen a slight surge in home prices in Westerly, with a 2% increase in the median listing price. The competitive nature of the housing market has resulted in quicker sales, with many listings receiving offers within days of hitting the market. Buyers are increasingly drawn to the area due to its desirable location, emphasizing the need for swift decision-making. Despite seasonal fluctuations, the overall sentiment remains optimistic for sellers.
market_change_year
Within the past year, Westerly's housing market has experienced robust growth, with property values climbing steadily. The demand for homes, especially those near the coastline, has spiked, reflecting a strong appetite for real estate in desirable coastal towns. The rise of remote work has contributed to this trend, allowing more individuals to consider living in picturesque areas like Westerly. Overall, the past year has shown a promising trajectory for property appreciation and investment potential.
Home Value Estimator For Westerly, RI
There are currently 18,873 real estate properties
in Westerly, RI,
with a median automated valuation model (AVM) price
of $503,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Westerly, RI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Westerly, RI,
is $789,948.00, with the most expensive house
in Westerly, RI, topping out
at $45,445,852.00 and the cheapest home
in Westerly, RI,
clocking in at $16,707.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Westerly, RI!
Rent Prices
In Westerly, RI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Westerly, RI, is on
a rollercoaster ride. The
average rent price in Westerly, RI,
is $1,475.00. Indeed, when looking to rent in
Westerly, RI, you can expect to pay as little
as $720.00 or as much
as $3,920.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Westerly, RI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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