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WESTERLY, RI 02891

Real Estate Market Report  ·  South County
Seller's Market
May 2026  ·  Source: Realtor.com

Market Analysis

Data as of May 2026. Source: Realtor.com.

The WESTERLY, RI real estate market (02891) currently shows 71 active listings, with 36 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 36 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 31 days on market compared to 32 days last year.

The median listing price has risen 64.3% year-over-year, from $799,000 to $1,312,500.

Whether you are buying or selling in WESTERLY, RI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 22,026  ·  Density: 323.6/mi²  ·  Median household income: $89,243

Typical home value: $399,526  ·  Homeownership: 73.6%

Market Overview

Active Listings
71
⇩ 33.6% vs 107 last year
Pending
36
51% pending ratio
Median Price
$1,312,500
⇧ 64.3% vs $799,000 last year
Average Price
$2,544,961
⇧ 4.7% vs $2,431,790 last year
Days on Market
31
⇩ 3.1% vs 32 days last year

Price Per Square Foot

Median $/sqft
$622
⇧ 25.9% vs $494/sqft last year
Median Home Size
1,928 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 107 last year
  • Days on market: 31 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $1,312,500 (+64.3% YoY)
  • Average: $2,544,961 (+4.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.4 miles — 266 listings ($392,159,342 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02891Westerly, RI 028910.0 mi56$170,048,256$1,235,000$3,036,576
02808Bradford, RI 028084.0 mi6$2,479,500$413,250$413,250
06378Stonington, CT 063786.3 mi24$49,461,528$2,060,000$2,060,897
02833Hopkinton, RI 028338.4 mi2$1,548,450$774,225$774,225
06355Mystic, CT 063559.4 mi25$38,196,150$1,010,000$1,527,846
02812Carolina, RI 0281210.6 mi1$530,000$530,000$530,000
06339Ledyard, CT 0633912.1 mi18$8,314,092$464,000$461,894
06340Groton, CT 0634013.0 mi39$30,640,350$539,900$785,650
02879Wakefield, RI 0287914.1 mi56$71,188,600$868,750$1,271,225
06384Voluntown, CT 0638415.4 mi4$2,514,768$637,175$628,692
06320New London, CT 0632016.0 mi24$11,013,816$336,950$458,909
02822Exeter, RI 0282216.5 mi8$5,125,832$784,400$640,729
06375Quaker Hill, CT 0637517.4 mi3$1,098,000$366,000$366,000

Frequently Asked Questions

How many homes are for sale in WESTERLY, RI 02891?

As of May 2026, there are 71 active listings in WESTERLY, RI (zip code 02891), compared to 107 the prior year.

What is the median home price in WESTERLY, RI 02891?

The median listing price in WESTERLY, RI 02891 is $1,312,500 as of May 2026, a 64.3% increase from $799,000 the prior year.

How long do homes stay on the market in WESTERLY, RI?

Homes in WESTERLY, RI 02891 spend an average of 31 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in WESTERLY, RI 02891?

Based on current inventory and days-on-market data as of May 2026, WESTERLY, RI 02891 is currently a Seller's Market. Inventory has tightened compared to last year, with 36 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 31 days on market compared to 32 days last year.

How much can I save on real estate commission in WESTERLY, RI?

With SELL123.com's maximum 3% commission, sellers in WESTERLY, RI 02891 save an estimated $26,250 compared to a typical 5% commission on the median listing price of $1,312,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.