Housing Prices in Newport, VA

How much do homes in Newport, VA cost?

Median List Price

$395,000

$199/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$45,100(+12.9%)

Key Takeaway

The list price of homes in Newport has increased by 12.9% since last year.

Summary: The median home list price in Newport was $395,000 in May 2024, up 12.9% from the previous year, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $267.7K$269.9K
+0.8%
2 $281.7K$281K
-0.2%
3 $314.1K$321K
+2.2%
4 $520K$499K
-4.0%
5+ $699.9K$647.5K
-7.5%

Summary: Newport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 7.5%.

Median List Price Compared To Nearby Cities

Carrollton
+17.5%
Newport
+12.9%
Suffolk
-0.2%
Smithfield
-3.7%

Housing Supply in Newport, VA

How many homes are available in Newport, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
91108+18.7%

Summary: The Newport real estate market had 108 homes for sale in May 2024, a 18.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1719
+11.8%
3 2734
+25.9%
4 2529
+16.0%
5+ 2124
+14.3%

Summary: The Newport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 14.3%.

Days on Market for Newport, VA

How long does it take to sell a home in Newport, VA?

Average Listing Age

May 2023May 2024CHANGE
120 Days87 Days-27.8%

Summary: Homes in Newport had an average listing age of 87 days in May 2024, down by 27.8% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Newport, VA

Nearby Markets to Newport, VA

What housing markets are near Newport, VA?