Newport, RI
Housing market overview · Updated weekly
$1.07Mmedian sale price
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
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
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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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