Fri Mar 05 2021
This week the median list price for Newport, RI is $2,750,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,750,000|
|Per Square Foot||$609|
|Days on Market||98|
|Slight Seller's Advantage|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,900,000||8,364||2.5 - 5 acres||8||7||94||0||0||175|
|$3,750,000||4,759||1 - 2.5 acres||5||5||26||0||0||98|
|$1,300,000||2,969||4,500 - 6,500 sqft||5||3||141||0||3||63|
|$584,000||1,283||0 - 4,500 sqft||3||1||136||2||0||35|