The story of this market
The typical home in Westerly, Rhode Island sells for about $575,000, or $293 per square foot.
Prices are up +8.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,693 a month.
Monthly price momentum
Home values since 2015
+5.7%
RI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Westerly, Rhode Island
The Westerly housing market is currently experiencing competitive conditions with a median sale price of $575,000, reflecting an 8.4% year-over-year increase. While inventory levels suggest a buyer's market, the high demand for coastal property continues to support price growth. Data gaps exist regarding specific tax rates and detailed school performance metrics.
No ARED county foreclosure postings attributed to Westerly yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 8.4% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.01% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 5.7% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional attraction offering extensive sandy shores, which drives significant seasonal tourism and local property demand.
A landmark coastal village known for its historic architecture and upscale appeal, serving as a primary anchor for the town's prestige.
A walkable historic waterfront area featuring a variety of local shops and restaurants that serve as the social and commercial heart of the town.
Westerly is well-suited for families seeking a coastal lifestyle, retirees attracted to the historic charm and beach access, and investors looking for properties in a high-demand, supply-constrained market.
Westerly schools are generally regarded as stable, serving the local community with a focus on regional educational standards.
Westerly is served by regional road networks and maintains connectivity to the broader Rhode Island and Connecticut coastal corridors.
Westerly offers an extensive amenity base including popular coastal destinations like Misquamicut State Beach and Watch Hill, alongside a walkable historic downtown.
The rental market is characterized by high demand and limited supply, with fair market rents for a two-bedroom unit averaging approximately $1,693.
The economy is driven by tourism, hospitality, and a mix of local commercial services, with the historic waterfront acting as a primary economic engine.
Westerly maintains a steady economic profile anchored by its historic waterfront, tourism, and local commercial services, with ongoing interest in residential and commercial development.
Development activity is focused on maintaining the town's historic character while managing demand for residential and commercial space.
Parcels in Westerly are subject to municipal taxation and standard regional utility and service districts.
The town faces coastal exposure risks typical of the Rhode Island shoreline, necessitating careful consideration of flood and wind insurance requirements.
Property insurance in this coastal area is influenced by flood and wind hazard exposure, with premiums reflecting the town's shoreline geography.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Data retrieved from Census Reporter profile for Westerly, RI.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.