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 Mar 19 2024
This week the median list price for Newport, RI is $3,550,000 with the market action index hovering around 62. This is an increase over last month's market action index of 54. Inventory has increased to 15. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Newport, RI

Tue Mar 19 2024
This week the median list price for Newport, RI is $3,550,000 with the market action index hovering around 62. This is an increase over last month's market action index of 54. Inventory has increased to 15. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $3,550,000
Median Price of New Listings $864,450
Per Square Foot $736
Average Days on Market 164
Median Days on Market 21
Price Decreased 27%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent
Market Action 62
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$14,950,000 7,640 5 - 10 acres 5 8 49 0 0 259
$7,712,500 9,939 2.5 - 5 acres 6 5.3 14 0 1 129
$2,222,500 2,662 4,500 - 6,500 sqft 4 3.5 80 2 4 3
$714,450 1,443 0 - 4,500 sqft 3 2 126 2 3 10