Home Summary Statistics and Market Analysis in Westerly RI

Home Summary Statistics and Market Analysis in Westerly RI for the Last 24 Months in Detail

Real estate market data for Westerly, RI provided by Allison Bernard of Keller Williams Realty RI.

Westerly Home Summary Statistics and Market Analysis

We have seen 24 straight months of listing price peaks and valleies with not much change on Home Summary Statistics and Market Analysis in Westerly but property is selling faster.  If you are considering buying a home make faster decisions on a house in Westerly and having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Westerly home on which you are making an offer.

If you are interested in how much current inventory is on the market in Westerly you can find that information by clicking on the link. Low inventory will suggest that homes are moving off the market in a shorter time. Currently in this area of Washington County, homes have a median time of 75 days on the market before they sell. This would suggest that buyers are must make a conservative offer on a home. Sellers may be to pricing their home aggresively. Although low inventory in Westerly has multiple offers coming in on homes similar to what we saw back in 2007. Low inventory is one indicator that prices should continue to rise. 

Westerly Real Estate Report Summary

The median list price in July for single family homes in Westerly is $295,000. The list prices increased by 0.84% from the previous month.

The median price per square foot for listings in this area is $189.

The median sale price in August for single family homes is $245,000. The sale prices dropped by -0.71% from the previous month.

The price per square foot for sales in this area is $169.

(this is a general analysis.  When looking at a particular property we will further break this analysis down by type of home, lot size, number of bedrooms and many other factors).

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