Explore Westerly, RI - Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
The housing market in Westerly continues to see strong price appreciation, with values up 17.3% compared to last year. Home prices have increased 6.9% in the past month alone. With 2.3 months of supply, Westerly's inventory levels remain relatively tight. Sales volume is down 44% compared to seasonal expectations. Only 3.1% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 21.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Westerly market with the affordability index at 190.6. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Demographics market for - Westerly, RI
Total Population -
17,639
White Population
92%
Black Population
2%
Crime for - Westerly, RI
Real Estate Market Prediction for - Westerly, RI
City Hotspots
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