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

Fri Mar 05 2021
This week the median list price for Newport, RI is $2,750,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 29. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Newport, RI

Fri Mar 05 2021
This week the median list price for Newport, RI is $2,750,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 29. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $2,750,000
Per Square Foot $609
Days on Market 98
Price Decreased 14%
Price Increased 0%
Relisted 3%
Inventory 29
Median Rent $3,667
Most Expensive $35,000,000
Least Expensive $440,000
Market Action 41
Slight Seller's Advantage

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$10,900,000 8,364 2.5 - 5 acres 8 7 94 0 0 175
$3,750,000 4,759 1 - 2.5 acres 5 5 26 0 0 98
$1,300,000 2,969 4,500 - 6,500 sqft 5 3 141 0 3 63
$584,000 1,283 0 - 4,500 sqft 3 1 136 2 0 35