Is Newport, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newport has remained a Seller's Market.
Housing Prices in Newport, MN
How much do homes in Newport, MN cost?
Median Sold Price
$351,450
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newport was $351,450 in April 2024, up 0.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $349.5K | $410K | +17.3% |
3 Bedrooms | $360K | $312.5K | -13.2% |
4 Bedrooms | $317K | $360K | +13.6% |
5+ Bedrooms | $475K | $550K | +15.8% |
Summary: Newport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Saint Paul Park | $299.1K | $318K | +6.3% |
Saint Paul | $275K | $281.2K | +2.3% |
Woodbury | $439.7K | $445.2K | +1.2% |
Cottage Grove | $395.4K | $399.9K | +1.1% |
Newport | $350K | $351.4K | 0.4% |
Housing Supply in Newport, MN
How many homes are available in Newport, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Summary: The Newport real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Newport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Newport in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Newport, MN
How long does it take to sell a home in Newport, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 28 Days | +273.3% |
Summary: Homes in Newport had an average of 28 days on market in Apr 2024, up by 273.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Newport; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.