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

Wed Dec 11 2019
This week the median list price for Newport, RI 02840 is $974,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 77. Click here to stay informed with the Newport market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Newport, RI 02840

Wed Dec 11 2019
This week the median list price for Newport, RI 02840 is $974,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30. Inventory has held steady at or around 77. Click here to stay informed with the Newport market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $974,000
Per Square Foot $438
Days on Market 205
Price Decreased 47%
Price Increased 0%
Relisted 10%
Inventory 77
Median Rent
Most Expensive $37,000,000
Least Expensive $190,000
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$4,950,000 6,622 1 - 2.5 acres 6 6 93 0 0 403
$1,575,000 3,348 0.25 - 0.5 acre 4 3 138 2 4 245
$710,000 1,918 0 - 4,500 sqft 4 2 119 0 4 96
$469,450 1,404 4,500 - 6,500 sqft 3 1 84 2 3 81