This Week's Real Estate Market Report

Newport, RI

Single-Family Homes

The Hogan Associates Real Estate Team | 401-924-1774 | info@hoganassociatesre.com



Newport, RI

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newport, RI

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport market.
Median List Price $995,000
Per Square Foot $489
Days on Market 142
Price Decreased 28%
Price Increased 1%
Relisted 11%
Inventory 95
Median House Rent $2,600
Most Expensive $37,000,000
Least Expensive $225,000
Market Action Index
Slight Seller's Advantage
32

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
$4,295,000 6,289 1 - 2.5 acres 5 5 93 0 1 263
$1,600,000 3,076 6,500 - 8,000 sqft 4 3 129 4 5 136
$811,250 2,155 4,500 - 6,500 sqft 3 2 120 0 0 86
$499,000 1,173 0 - 4,500 sqft 3 1 97 7 3 87