BOLD REALTY MARKET REPORT

Newport News, VA

Single-Family Homes

TOM MILAN 757-777-7577



Newport News, VA

Tue Oct 19 2021
This week the median list price for Newport News, VA is $249,897 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has decreased to 247. Click here to stay informed with the Newport News market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Newport News, VA

Tue Oct 19 2021
This week the median list price for Newport News, VA is $249,897 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has decreased to 247. Click here to stay informed with the Newport News market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Newport News market.
Median List Price $249,897
Median Price of New Listings $249,897
Per Square Foot $151
Average Days on Market 56
Median Days on Market 21
Price Decreased 26%
Price Increased 6%
Relisted 11%
Inventory 247
Median Rent $1,388
Market Action 56
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$409,900 2,615 0.25 - 0.5 acre 4 3 38 12 13 42
$275,000 1,783 8,000 - 10,000 sqft 3 2 53 15 20 21
$225,000 1,506 8,000 - 10,000 sqft 3 2 58 17 15 14
$149,950 1,200 6,500 - 8,000 sqft 3 1 73 11 16 28