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 Sep 27 2022
This week the median list price for Newport, RI is $1,065,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Newport, RI

Tue Sep 27 2022
This week the median list price for Newport, RI is $1,065,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $1,065,000
Median Price of New Listings $749,000
Per Square Foot $634
Average Days on Market 75
Median Days on Market 70
Price Decreased 43%
Price Increased 3%
Relisted 17%
Inventory 35
Median Rent
Market Action 37
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$4,497,500 4,133 0.5 - 1 acre 5 5 139 0 0 98
$1,649,000 2,650 0 - 4,500 sqft 4 3 162 0 0 49
$895,000 1,450 0 - 4,500 sqft 3 2.5 122 1 1 14
$625,000 1,384 0 - 4,500 sqft 3 1.5 122 2 2 91