Is Newport, RI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Newport is a seller's market


Difference Since May 2022

Since last year, Newport has remained a Seller's Market.

Key Takeaway

Newport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Newport, RI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Newport have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $359K$428.5K
2 $537.5K$625K
3 $672K$805K
4 $850K$900K
5+ $1.1M$1.1M

Median Sold Price Compared To Nearby Cities


How many homes are available in Newport, RI?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 1821
2 1919
3 2630
4 1725
5+ 1723

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newport, you may be able to get a good deal. 55% of homes here sold below asking price last month.

How long does it take to sell a home in Newport, RI?

How long does it take to sell a home in Newport, RI?

Average Sale Time

May 2022May 2023%
31 Days40 Days+27.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newport has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Newport, RI?

About Newport, RI

Number of homes for sale in Newport, RI real estate market have reached 118. The number of homes for sale in Newport, RI increased by 21.6% between April 2023 and May 2023. While the average time on the market in May 2023 was 40 days, the median list price was $780,000. This housing market listing prices have changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 19.4%, 2 bedrooms properties prices increased by 16.3%, 3 bedrooms properties prices increased by 19.8%, prices of 4 bedrooms properties went up by 5.9%, prices of 5 bedrooms properties increased by 4.5%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 16.7%, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 15.4% more available, volume of 4 bedrooms homes went up by 47.1%, 5 bedrooms homes became 35.3% more available. Over 6 listings were sold over their listed price in May 2023 in Newport, RI. In the same period over 11 listings were sold below the listed price and 3 listings were sold for the listed price.