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 10 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 delightful coastal town that offers beautiful beaches, a vibrant downtown, and a community-focused lifestyle. Known for its recreational activities, cultural events, and strong educational institutions, Westerly is perfect for families and beach lovers alike. Its unique blend of charm and access to nature makes it an ideal place to call home.
Current Market Conditions in Westerly, RI
The real estate market in Westerly, RI has been experiencing steady growth, with an increase in demand for both single-family homes and vacation properties. The town's natural beauty, combined with its family-friendly environment, has attracted many buyers, leading to a competitive market environment.
As of the last quarter, home prices in Westerly have increased by approximately 7% year-over-year. The inventory remains relatively low, creating opportunities for potential sellers to fetch attractive prices for their properties. In particular, waterfront homes have seen heightened interest due to year-round and vacation use.
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.
Learn more on Foreclosure homes
