Is Newport, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Newport was a Seller's Market.
Housing Prices in Newport, OR
How much do homes in Newport, OR cost?
Median Sold Price
$445,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newport was $445,000 in March 2024, down 4.3% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $345K | +43.8% |
2 Bedrooms | $399K | $374.3K | -6.2% |
3 Bedrooms | $600K | $486.4K | -18.9% |
4 Bedrooms | $449K | $644.5K | +43.5% |
5+ Bedrooms | - | $464.9K | N/A |
Summary: Newport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes did not change.
Housing Supply in Newport, OR
How many homes are available in Newport, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 51 | +8.5% |
Summary: The Newport real estate market had 51 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Newport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Newport in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Newport, OR
How long does it take to sell a home in Newport, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 89 Days | +61.0% |
Summary: Homes in Newport had an average of 89 days on market in Mar 2024, up by 61% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Newport; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.