Is Newport, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Newport has remained a Buyer's Market.
Housing Prices in Newport, OR
How much do homes in Newport, OR cost?
Median Sold Price
$436,302
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Newport was $436,302 in June 2024, down 11% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $334.4K | +39.4% |
2 Bedrooms | $404.5K | $374.3K | -7.4% |
3 Bedrooms | $637.5K | $487.4K | -23.5% |
4 Bedrooms | $644K | $660.5K | +2.6% |
5+ Bedrooms | - | $464.9K | N/A |
Summary: Newport housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 2.6%, 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
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Newport real estate market had 34 homes for sale in June 2024, a 2.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 17 | 15 | -11.8% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Newport housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Newport in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
51 Days | 38 Days | -26.0% |
Summary: Homes in Newport had an average of 38 days on market in Jun 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 2 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.