$3,858 Closing Credit*
$324,900
1,908 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Newport, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Newport was a Seller's Market.
Key Takeaway
Newport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newport, MN
How much do homes in Newport, MN cost?
Median Sold Price
$368,750
$150/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$64,750(+21.3%)
Key Takeaway
Homes in Newport have sold for 21.3% more than they did a month ago.
Summary: The median home sold price in Newport was $368,750 in November 2024, up 21.3% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $275K | - | N/A |
| 4 Bedrooms | $347K | $378.5K | +9.1% |
| 5+ Bedrooms | $620K | $359K | -42.1% |
Summary: Newport housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 42.1%.
Housing Supply in Newport, MN
How many homes are available in Newport, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Newport real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Newport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newport, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Newport in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Newport, MN
How long does it take to sell a home in Newport, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 4 Days | -90.7% |
Summary: Homes in Newport had an average of 4 days on market in Nov 2024, down by 90.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Newport; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
