Newport East, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Newport East, RI is $313,750, down 80.3% year-over-year. Homes sell in an average of 112 days with 23 active listings. The market is currently a buyer's market.
$313,750median sale price
Is Newport East a buyer's or seller's market?
Newport East, RI is currently a buyer's market, based on 11.5 months of supply and homes selling in about 112 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
112
Average pace
Active listings
23
11.5 months supply
Sale-to-list
91.8%
Below asking
Newport East, RI market data
| Metric | Value |
|---|---|
| Median sale price | $313,750 |
| Median list price | $736,000 |
| Year-over-year price change | -80.3% |
| Average days on market | 112 days |
| Active inventory | 23 listings |
| Months of supply | 11.5 months |
| Sale-to-list price ratio | 91.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Newport East housing market is currently classified as a buyer's market with a median sale price of $313,750. Prices have fallen 80.3% compared to last year, with homes spending an average of 112 days on market, indicating 11.5 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 East
There are currently 23 homes listed for sale in Newport East, Rhode Island. The median listing price is $736K.
Active listings
23
Homes on market
Median list price
$736K
Avg. days on market
112
Days until sale
New this week
9
Newly listed
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Frequently asked questions
What is the average home price in Newport East?
The median home sale price in Newport East is $313,750, down 80.3% from last year.
How long do homes stay on market in Newport East?
Homes typically spend 112 days on market before going under contract.
Is Newport East a buyer's or seller's market?
With 11.5 months of supply, Newport East is currently a buyer's market.
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