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Preforeclosure Homes in Westerly, RI 02891

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Westerly, RI Foreclosures

Current Market Conditions in in Westerly, RI As of March 2026?
Over the past month, the Westerly real estate market has continued to experience upward pressure on home prices, as buyers are responding to limited inventory. The average time on the market for homes has decreased, suggesting more competitive bidding situations. Home sales have slightly increased compared to last month, driven by both local buyers and out-of-state interest.
How much do homes sell for in Westerly, RI?
The average home price is currently $853,930.
In Westerly, RI, how many homes are available?
There are currently 1 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 $86,821,904.
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 scenic coastal town that offers a blend of beachside charm and vibrant community life. Known for its historical significance and delightful downtown, it features plenty of recreational activities and natural beauty. Residents enjoy a tight-knit community along with access to stunning outdoor experiences.

Buyer vs Seller Market in Westerly, RI

The real estate market in Westerly remains competitive, characterized by increasing demand for properties, especially near the beach. The average home prices indicate a steady appreciation, as many buyers are looking to invest in vacation homes as well as year-round residences. Homes are selling quickly, especially those that are well-maintained and located in desirable areas.

There has been a growing trend in the availability of waterfront properties which has attracted a significant number of buyers looking for a serene lifestyle. The town's appeal as a tourist destination also boosts the market, as investors seek out short-term rental opportunities.

Home Value Estimator For Westerly, RI

There are currently 19,057 real estate properties in Westerly, RI, with a median automated valuation model (AVM) price of $517,379.00. 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 $853,930.00, with the most expensive house in Westerly, RI, topping out at $86,821,904.00 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.

Westerly, RI 02891 Preforeclosure Homes


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