Is Newport County, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Newport County has remained a Seller's Market.
Key Takeaway
Newport County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Newport County, RI cost?
Median Sold Price
$658,783
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$52,121(+8.6%)
Key Takeaway
Homes in Newport County have sold for 8.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $360K | $394.5K | +9.6% |
| 2 Bedrooms | $478.1K | $499.5K | +4.5% |
| 3 Bedrooms | $552.4K | $630K | +14.0% |
| 4 Bedrooms | $801.3K | $850K | +6.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.9% |
Median Sold Price Compared To Nearby Counties
| Newport County | $606.6K | $658.7K | +8.6% |
| Bristol County | $414.8K | $450K | +8.5% |
How many homes are available in Newport County, RI?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 303 | 317 | +4.6% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 18 | 23 | +27.8% |
| 2 Bedrooms | 72 | 74 | +2.8% |
| 3 Bedrooms | 117 | 117 | 0.0% |
| 4 Bedrooms | 63 | 68 | +7.9% |
| 5+ Bedrooms | 33 | 35 | +6.1% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 62 | 60 | -3.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport County, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Average Sale Time
| Apr 2022 | Apr 2023 | % |
|---|---|---|
| 49 Days | 61 Days | +24.9% |
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport County are selling fast, if you're buying plan to act quickly.
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