Fri Apr 23 2021
This week the median list price for Newport, RI is $1,200,000 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 33.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,200,000|
|Per Square Foot||$549|
|Days on Market||84|
|Strong Seller's Market|
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,900,000||8,300||2.5 - 5 acres||7||7||68||0||0||301|
|$2,672,500||3,235||1 - 2.5 acres||4||4||95||2||2||115|
|$1,100,000||2,507||4,500 - 6,500 sqft||4||2||149||2||1||105|
|$625,000||1,400||0 - 4,500 sqft||3||2||121||4||4||21|