Sat Jul 04 2020
This week the median list price for Newport, RI 02840 is $1,337,500 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 74.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,337,500|
|Per Square Foot||$492|
|Days on Market||215|
|Slight Buyer's Advantage|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,125,000||6,251||1 - 2.5 acres||5||5||90||0||1||384|
|$2,200,000||4,269||0.25 - 0.5 acre||5||5||134||1||0||223|
|$1,025,000||2,408||4,500 - 6,500 sqft||4||2||125||2||0||179|
|$639,000||1,523||0 - 4,500 sqft||4||2||120||6||6||82|