Newport, RI Home Values & Market Trends
Real estate market trends reflect that there have been 373 transactions over the past year in Newport. The median value for residential home transactions that occurred over the previous year is $846,073.86. The number of current listings in Newport is 27, and the percentage of properties for sale in the city is 27.00%. Newport, RI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 27 properties for sale.
Newport, RI Real Estate Market Overview
Housing Market Summary for Newport, RI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $950K | $859.2K | -9.56% |
| Median Sold Price | $844.5K | $859.2K | 1.75% |
| Homes For Sale | 49 | 26 | -46.94% |
| Homes Sold | 115 | 150 | 30.43% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Newport, RI
Browse Homes in Newport, RI
Newport home values range from $140,031 to $33,156,254. The median estimated value of a home in Newport is $846,073.86. The median list price of a home is 1,500,000, and the total count of properties in the city is 8,127.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Newport, RI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Newport, RI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newport, RI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Newport, RI. There are 2 zips within Newport, RI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions02840 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Newport, RI. Auction homes and other auction properties account for 0.01% of all properties in Newport, RI. There are 2 zips within Newport, RI; of those zips, the median estimated home value for homes going to auction ranges from $730,500 in 02840 to the lowest value of $730,500 in 02840.
Compare Nearby Cities
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Guide for Newport, RI
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