Newport, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Newport, RI is $1.07M, up 22.2% year-over-year. Homes sell in an average of 40 days with 59 active listings. The market is currently a buyer's market.
$1.07Mmedian sale price
Is Newport a buyer's or seller's market?
Newport, RI is currently a buyer's market, based on 8.4 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
40
Average pace
Active listings
59
8.4 months supply
Sale-to-list
99.9%
Below asking
Newport, RI market data
| Metric | Value |
|---|---|
| Median sale price | $1.07M |
| Median list price | $750,000 |
| Year-over-year price change | +22.2% |
| Average days on market | 40 days |
| Active inventory | 59 listings |
| Months of supply | 8.4 months |
| Sale-to-list price ratio | 99.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Newport housing market is currently classified as a buyer's market with a median sale price of $1.07M. Prices have risen 22.2% compared to last year, with homes spending an average of 40 days on market, indicating 8.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Newport
There are currently 59 homes listed for sale in Newport, Rhode Island. The median listing price is $750K.
Active listings
59
Homes on market
Median list price
$750K
Avg. days on market
40
Days until sale
New this week
12
Newly listed
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Frequently asked questions
What is the average home price in Newport?
The median home sale price in Newport is $1.07M, up 22.2% from last year.
How long do homes stay on market in Newport?
Homes typically spend 40 days on market before going under contract.
Is Newport a buyer's or seller's market?
With 8.4 months of supply, Newport is currently a buyer's market.
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