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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,372,500|
|Per Square Foot||$492|
|Days on Market||221|
|Slight Seller's Advantage|
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|