Is Newport, WA 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, WA
How much do homes in Newport, WA cost?
Median Sold Price
$446,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newport was $446,000 in April 2024, up 30.4% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $305K | $474.9K | +55.7% |
3 Bedrooms | $312.6K | $485K | +55.2% |
4 Bedrooms | $384K | $483.5K | +25.9% |
5+ Bedrooms | $390K | $463.4K | +18.8% |
Summary: Newport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.7%, 3 bedroom homes increased by 55.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in Newport, WA
How many homes are available in Newport, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Summary: The Newport real estate market had 38 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 | 2 | 4 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Newport in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Newport, WA
How long does it take to sell a home in Newport, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 49 Days | +42.7% |
Summary: Homes in Newport had an average of 49 days on market in Apr 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Newport; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.