Newport, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 19 transactions over the past year in Newport. The median value for residential home transactions that occurred over the previous year is $176,400. The number of current listings in Newport is 4, and the percentage of properties for sale in the city is 4.00%. Newport, NJ currently has 9 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 4 properties for sale.
Newport, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08345 | $ 264,550 $ 161/sqft |
Housing Market Summary for Newport, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $175K | $182.7K | 4.40% |
| Median Sold Price | $149.2K | $182.7K | 22.49% |
| Homes For Sale | 1 | 4 | 300.00% |
| Homes Sold | 10 | 8 | -20.00% |
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, NJ
Browse Homes in Newport, NJ
Newport home values range from $29,460 to $471,300. The median estimated value of a home in Newport is $176,400. The median list price of a home is 357,750, and the total count of properties in the city is 421.
- Pre-ForeclosurePre-foreclosure homes account for 1.90% of all residential properties in Newport, NJ with 08345 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Newport, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $273,200 in 08345 to the lowest home value of $88,520 in 08345.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newport, NJ 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, NJ. There is 1 zips within Newport, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08345 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Newport, NJ. Auction homes and other auction properties account for 0.24% of all properties in Newport, NJ. There is 1 zips within Newport, NJ; of that zips, the median estimated home value for homes going to auction ranges from $347,400 in 08345 to the lowest value of $347,400 in 08345.
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Guide for Newport, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
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