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.
Key Takeaway
Newport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newport, WA
How much do homes in Newport, WA cost?
Median Sold Price
$1,307,500
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newport have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Newport was $1,307,500 in April 2024, up 2.1% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310.2K | $316K | +1.9% |
| 2 Bedrooms | $540K | $482K | -10.7% |
| 3 Bedrooms | $1.2M | $1.2M | +5.4% |
| 4 Bedrooms | $1.2M | $1.3M | +8.4% |
| 5+ Bedrooms | $2.1M | $1.6M | -24.4% |
Summary: Newport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 24.4%.
Housing Supply in Newport, WA
How many homes are available in Newport, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Newport real estate market had 28 homes for sale in April 2024, a 6.7% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 5 | -68.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Newport in April 2024, down by 68.8% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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 |
|---|---|---|
| 53 Days | 34 Days | -34.8% |
Summary: Homes in Newport had an average of 34 days on market in Apr 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Newport; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.