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 1 Day Ago

Newest Listings in Newport, VA

Nearby Markets to Newport, VA

What housing markets are near Newport, VA?