Wed Nov 25 2020
This week the median list price for Newport, RI 02840 is $1,175,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 49.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,175,000|
|Per Square Foot||$512|
|Days on Market||166|
|Slight Seller's Advantage|
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,487,500||8,236||1 - 2.5 acres||6||7||45||2||1||215|
|$2,422,500||3,477||8,000 - 10,000 sqft||4||4||128||2||2||211|
|$997,000||1,747||4,500 - 6,500 sqft||4||2||125||2||2||189|
|$549,000||1,248||0 - 4,500 sqft||3||1||120||2||3||57|