This Week's Real Estate Market Report
Newport, RI 02840
Single-Family Homes
The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com
Newport, RI 02840
Mon Jun 15 2026
This week the median list price for Newport, RI 02840 is $2,350,000 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $2,350,000 | |
| Median Price of New Listings | $1,222,500 | |
| Per Square Foot | $745 | |
| Average Days on Market | 117 | |
| Median Days on Market | 56 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 10% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
Despite this week’s down tic, the price trend in this zip code remains upward for several weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,225,000 | 7,290 | 1 - 2.5 acres | 6 | 6.3 | 70 | 0 | 0 | 115 |
| $2,997,500 | 3,529 | 4,500 - 6,500 sqft | 4 | 4.3 | 96 | 0 | 1 | 59 |
| $1,649,500 | 2,550 | 0 - 4,500 sqft | 4 | 2.8 | 134 | 2 | 0 | 21 |
| $879,900 | 1,472 | 0 - 4,500 sqft | 3 | 2 | 136 | 2 | 2 | 49 |