Wed Nov 25 2020
This week the median list price for Newport, RI is $1,175,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 49.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,175,000|
|Per Square Foot||$512|
|Days on Market||166|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,487,500||8,236||1 - 2.5 acres||6||7||45||2||1||215|
|$2,422,500||3,477||8,000 - 10,000 sqft||4||4||128||2||2||211|
|$997,000||1,747||4,500 - 6,500 sqft||4||2||125||2||2||189|
|$549,000||1,248||0 - 4,500 sqft||3||1||120||2||3||57|