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Featured local agent — Westerly, RI
Sarah Mitchell
Compass Real Estate · Westerly, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Westerly, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$550,000median sale price
How is the Westerly, RI housing market right now?
The median home sale price in Westerly, RI is $550,000, down 0.9% year-over-year. Homes sell in an average of 26 days with 21 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Westerly a buyer's or seller's market?
Westerly, RI is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
26
Average pace
Active listings
21
1.2 months supply
Sale-to-list
102.1%
Above asking
What does the Westerly housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $550,000 |
| Median list price | $699,999 |
| Year-over-year price change | -0.9% |
| Average days on market | 26 days |
| Active inventory | 21 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $280/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 17 |
| Listings with a price cut | 4.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Westerly by property type?
How the Westerly, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $610,000 | $369/sq ft | 9 | 26 days |
| Condo / Co-op | $257,250 | $273/sq ft | 4 | 38 days |
Source: Redfin · Updated monthly
The Westerly housing market is currently classified as a strong seller's market with a median sale price of $550,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 26 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Westerly
There are currently 21 homes listed for sale in Westerly, Rhode Island. The median listing price is $700K.
Active listings
21
Homes on market
Median list price
$700K
Avg. days on market
26
Days until sale
New this week
17
Newly listed
Who lives in Westerly?
Population
18,528
Median income
$82,333/yr
Median age
53.5 years
Owner-occupied
72.0%
College grads
38.0%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Westerly?
Zillow home value
$639,879
Zillow rent index
$2,000/mo
Price-to-rent ratio
26.7x
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Westerly?
Westerly is a community of approximately 19K residents with a median age of 53.5 years.The median household income is $82,333, which reflects a relatively affluent area with strong earning potential. 38.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 72.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Westerly offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Westerly?
6 schools tracked · 2,173 students
The largest public schools serving Westerly, RI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Westerly High School
Grades 9-12 · 692 students
Westerly Middle School
Grades 5-8 · 649 students
Dunn's Corners School
Grades K-4 · 270 students
Springbrook Elementary School
Grades K-4 · 251 students
State Street School
Grades K-4 · 232 students
Westerly Inclusion Preschool P
Grades PK · 79 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Westerly, RI?
Want a head-to-head view? Compare Westerly side-by-side with any other U.S. city using our market-comparison tool.
Is Westerly a good real estate investment market?
For investors evaluating Westerly, the price-to-rent ratio of 26.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Westerly's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Westerly's median home price.
Frequently asked questions
What is the average home price in Westerly?
The median home sale price in Westerly is $550,000, down 0.9% from last year.
How long do homes stay on market in Westerly?
Homes typically spend 26 days on market before going under contract.
What is the median income in Westerly?
The median household income is $82,333 per year.
Is Westerly a buyer's or seller's market?
With 1.2 months of supply, Westerly is currently a strong seller's market.
What is the Zillow home value estimate for Westerly?
The Zillow Home Value Index (ZHVI) for Westerly is $639,879, representing the typical home value in the area.
What is the median condo price in Westerly?
The median condo/co-op sale price in Westerly, RI is $257,250, compared to $610,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Westerly?
The median single-family home price in Westerly, RI is $610,000 (about $369 per square foot).
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