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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.7K | $269.9K | +0.8% |
2 Bedrooms | $281.7K | $281K | -0.2% |
3 Bedrooms | $314.1K | $321K | +2.2% |
4 Bedrooms | $520K | $499K | -4.0% |
5+ Bedrooms | $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 | $323.4K | $380K | +17.5% |
Newport | $349.9K | $395K | +12.9% |
Suffolk | $390.8K | $389.9K | -0.2% |
Smithfield | $470K | $452.6K | -3.7% |
Housing Supply in Newport, VA
How many homes are available in Newport, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 108 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 21 | 24 | +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 2023 | May 2024 | CHANGE |
---|---|---|
120 Days | 87 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.