Is Newport, NC 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, NC
How much do homes in Newport, NC cost?
Median Sold Price
$351,740
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newport was $351,740 in April 2024, down 0.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $126K | +73.8% |
2 Bedrooms | $185K | $255K | +37.8% |
3 Bedrooms | $300K | $340K | +13.3% |
4 Bedrooms | $460K | $595K | +29.3% |
5+ Bedrooms | $640K | $780K | +21.9% |
Summary: Newport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.8%, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
Newport Township | $327.4K | $351.7K | +7.4% |
Morehead Township | $459.9K | $480K | +4.4% |
Newport | $355K | $351.7K | -0.9% |
Housing Supply in Newport, NC
How many homes are available in Newport, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 101 | +18.8% |
Summary: The Newport real estate market had 101 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 45 | 60 | +33.3% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 7 | 5 | -28.6% |
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 increased by 33.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Newport in April 2024, up by 80.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Newport, NC
How long does it take to sell a home in Newport, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 30 Days | +17.1% |
Summary: Homes in Newport had an average of 30 days on market in Apr 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Newport; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.