The housing market in Westerly, RI is performing much better than the national average. The median value of a home in Westerly is $480,600 compared to the US median value of $338,100, and the 1-year appreciation rate in Westerly is 10.78% compared to 8.27% nationally. This indicates that housing prices are on the rise in Westerly, and now may be a good time for potential buyers to consider making their move.
The median home cost in Westerly is $480,600. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Westerly is up 16.0%.
Average Age of Homes
- The median age of Westerly real estate is 49 years old
The Rental Market in Westerly
- Renters make up 27.5% of the Westerly population
- 1.8% of houses and apartments in Westerly, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.