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Featured local agent — Newport, RI
Sarah Mitchell
Compass Real Estate · Newport, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Newport, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.00Mmedian sale price
How is the Newport, RI housing market right now?
The median home sale price in Newport, RI is $1.00M, down 28.2% year-over-year. Homes sell in an average of 36 days with 76 active listings. The market is currently a 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 Newport a buyer's or seller's market?
Newport, RI is currently a seller's market, based on 2.8 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
36
Average pace
Active listings
76
2.8 months supply
Sale-to-list
99.5%
Below asking
What does the Newport housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.00M |
| Median list price | $1.10M |
| Year-over-year price change | -28.2% |
| Average days on market | 36 days |
| Active inventory | 76 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $767/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 41 |
| Listings with a price cut | 17.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Newport by property type?
How the Newport, 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 | $1.73M | $800/sq ft | 10 | 28 days |
| Condo / Co-op | $795,000 | $767/sq ft | 15 | 49 days |
Source: Redfin · Updated monthly
The Newport housing market is currently classified as a seller's market with a median sale price of $1.00M. Prices have fallen 28.2% compared to last year, with homes spending an average of 36 days on market, indicating 2.8 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 11.6x provides context for how home values compare to local earning capacity.
Homes for sale in Newport
There are currently 76 homes listed for sale in Newport, Rhode Island. The median listing price is $1.1M.
Active listings
76
Homes on market
Median list price
$1.1M
Avg. days on market
36
Days until sale
New this week
41
Newly listed
Who lives in Newport?
Population
25,029
Median income
$83,562/yr
Median age
37.2 years
Owner-occupied
49.6%
College grads
55.5%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Newport?
Zillow home value
$967,100
Zillow rent index
$3,163/mo
Price-to-rent ratio
25.5x
Price-to-income
11.6x
Source: Zillow Research
What is it like to live in Newport?
Newport is a community of approximately 25K residents with a median age of 37.2 years.The median household income is $83,562, which reflects a relatively affluent area with strong earning potential. 55.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 49.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Newport offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Newport?
4 schools tracked · 1,821 students
The largest public schools serving Newport, 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.
Claiborne Pell Elementary
Grades PK-4 · 716 students
Rogers High School
Grades 9-12 · 605 students
Frank E. Thompson Middle
Grades 5-8 · 500 students
Newport Area Career Tech Ctr
Grades 9-12
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 Newport, RI?
Want a head-to-head view? Compare Newport side-by-side with any other U.S. city using our market-comparison tool.
Is Newport a good real estate investment market?
For investors evaluating Newport, the price-to-rent ratio of 25.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 28.2% 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 Newport's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Newport's median home price.
Frequently asked questions
What is the average home price in Newport?
The median home sale price in Newport is $1.00M, down 28.2% from last year.
How long do homes stay on market in Newport?
Homes typically spend 36 days on market before going under contract.
What is the median income in Newport?
The median household income is $83,562 per year.
Is Newport a buyer's or seller's market?
With 2.8 months of supply, Newport is currently a seller's market.
What is the Zillow home value estimate for Newport?
The Zillow Home Value Index (ZHVI) for Newport is $967,100, representing the typical home value in the area.
What is the median condo price in Newport?
The median condo/co-op sale price in Newport, RI is $795,000, compared to $1.73M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Newport?
The median single-family home price in Newport, RI is $1.73M (about $800 per square foot).
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