$5,105 Closing Credit*
$429,900
1,272 SqFt
4 Beds
•2 Full Baths
Listing Office: Coldwell Banker Coastal Homes
Is Westerly, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Westerly has remained a Seller's Market.
Key Takeaway
Westerly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westerly, RI
How much do homes in Westerly, RI cost?
Median Sold Price
$524,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,000(+15.7%)
Key Takeaway
Homes in Westerly have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Westerly was $524,000 in November 2024, up 15.7% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $445K | +27.9% |
| 2 Bedrooms | $399.9K | $433.2K | +8.3% |
| 3 Bedrooms | $475K | $545K | +14.7% |
| 4 Bedrooms | $572.5K | $825K | +44.1% |
| 5+ Bedrooms | $527.5K | $600K | +13.7% |
Summary: Westerly housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in Westerly, RI
How many homes are available in Westerly, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 113 | -2.6% |
Summary: The Westerly real estate market had 113 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 47 | 31 | -34.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Westerly housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 34%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westerly, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Westerly in November 2024, the same as the previous month. Of the 31 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for Westerly, RI
How long does it take to sell a home in Westerly, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 70 Days | +73.9% |
Summary: Homes in Westerly had an average of 70 days on market in Nov 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westerly are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Westerly; 42% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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