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

Sat Jul 11 2020
This week the median list price for Newport, RI is $1,372,500 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 74. 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

Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.

Newport, RI

Sat Jul 11 2020
This week the median list price for Newport, RI is $1,372,500 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 74. 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

Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $1,372,500
Per Square Foot $492
Days on Market 221
Price Decreased 19%
Price Increased 1%
Relisted 5%
Inventory 74
Median Rent
Most Expensive $37,000,000
Least Expensive $375,000
Market Action 30
Slight Seller's Advantage

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
$5,125,000 6,251 1 - 2.5 acres 5 5 90 0 0 391
$2,200,000 4,540 0.25 - 0.5 acre 5 5 138 1 0 222
$1,089,000 2,394 4,500 - 6,500 sqft 4 3 120 1 1 193
$595,000 1,469 0 - 4,500 sqft 3 1 110 5 6 88