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 Jun 06 2023
This week the median list price for Newport, RI is $1,600,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 27. 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. Current supply and demand levels show no sign of prices changing from their current trend.

Newport, RI

Tue Jun 06 2023
This week the median list price for Newport, RI is $1,600,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 27. 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. 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 $1,600,000
Median Price of New Listings $750,000
Per Square Foot $760
Average Days on Market 150
Median Days on Market 77
Price Decreased 33%
Price Increased 4%
Relisted 19%
Inventory 27
Median Rent
Market Action 39
Slight Seller's Advantage

Despite this week’s down tic, price trends have generally been moving up lately. Prices are below the market’s high point, and 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
$6,250,000 6,680 1 - 2.5 acres 7 7.5 66 0 0 133
$3,500,000 4,213 0.25 - 0.5 acre 4 3.5 51 0 1 203
$995,000 1,972 0 - 4,500 sqft 3 2.5 103 3 2 35
$699,000 1,134 0 - 4,500 sqft 3 1 123 4 0 14