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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$974,000|
|Per Square Foot||$438|
|Days on Market||205|
|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.
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|