This Week's Real Estate Market Report

Newport, RI

Single-Family Homes

The Hogan Associates Real Estate Team | 401-845-9500 | info@hoganassociatesre.com



Newport, RI

Tue Nov 29 2022
This week the median list price for Newport, RI is $995,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 31. 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

Tue Nov 29 2022
This week the median list price for Newport, RI is $995,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 31. 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 $995,000
Median Price of New Listings $719,000
Per Square Foot $569
Average Days on Market 85
Median Days on Market 56
Price Decreased 39%
Price Increased 0%
Relisted 26%
Inventory 31
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 4,336 1 - 2.5 acres 5 4.5 38 1 0 49
$2,022,500 3,228 4,500 - 6,500 sqft 4 3.5 149 0 2 91
$799,500 1,760 0 - 4,500 sqft 4 2.5 114 0 3 70
$557,450 1,276 0 - 4,500 sqft 3 2 122 4 1 3