BOLD REALTY MARKET REPORT

Newport News, VA

Single-Family Homes

TOM MILAN 757-777-7577



Newport News, VA

Thu Mar 28 2024
This week the median list price for Newport News, VA is $319,900 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has decreased to 169. 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

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 News, VA

Thu Mar 28 2024
This week the median list price for Newport News, VA is $319,900 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has decreased to 169. 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

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 News market.
Median List Price $319,900
Median Price of New Listings $314,900
Per Square Foot $185
Average Days on Market 62
Median Days on Market 28
Price Decreased 34%
Price Increased 6%
Relisted 16%
Inventory 169
Median Rent
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
$504,450 2,862 0.25 - 0.5 acre 4 3 23 5 7 56
$375,000 2,002 8,000 - 10,000 sqft 4 2.5 62 10 14 28
$299,000 1,593 8,000 - 10,000 sqft 3 2 60 11 14 21
$220,000 1,180 4,500 - 6,500 sqft 3 1 74 11 10 14