Explore Westerly, RI - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
2%
Investor Friendly Score
71%
Median Price
$522,500

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%

Mexican90% (3% of total population)
Puerto Rican4% (0% of total population)
Cuban2% (0% of total population)
Dominican0%
Salvadoran0%
Costa Rican0%
Gautemalan2% (0% of total population)
Honduran0%
Nicaraguan2% (0% of total population)
Panamanian0%
Argentinean0%
Bolivian0%
Chilean0%
Colombian0%
Ecuadorian0%
Peruvian0%
Uruguyan0%
Venezuelan0%

Indian 17% (1% of total population)
Bangladeshi 0%
Chinese 49% (1% of total population)
Bhutanese 0%
Burmese 0%
Filipino 4% (0% of total population)
Hmong 0%
Indonesian 0%
Japanese 0%
Korean 15% (0% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 0%
Thai 0%
Vietnamese 0%

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Westerly, RI

Sex Offenses100%

Assault Offenses1%
Assault Offenses99%

Larceny/Theft Offenses51%
Motor Vehicle Theft3%
Burglary/Breaking & Entering7%
Stolen Property Offenses4%
Destruction/Damage/Vandalism of Property34%

Arson50%
Counterfeiting/Forgery50%

Real Estate Market Prediction for - Westerly, RI

City Hotspots
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