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 Dec 07 2019
This week the median list price for Newport, RI is $897,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 85. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Newport, RI

Sat Dec 07 2019
This week the median list price for Newport, RI is $897,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 85. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $897,000
Per Square Foot $438
Days on Market 192
Price Decreased 47%
Price Increased 0%
Relisted 8%
Inventory 85
Median Rent
Most Expensive $37,000,000
Least Expensive $190,000
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,400,000 6,622 1 - 2.5 acres 6 6 93 0 0 375
$1,475,000 3,259 8,000 - 10,000 sqft 4 3 136 0 1 215
$710,000 1,700 4,500 - 6,500 sqft 4 2 119 5 4 104
$472,450 1,391 4,500 - 6,500 sqft 3 1 94 4 4 77