$3,918 Closing Credit*
$329,900
2,080 SqFt
4 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 October 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, MN
How much do homes in Newport, MN cost?
Median Sold Price
$325,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,000(-3.8%)
Key Takeaway
Homes in Newport have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Newport was $325,000 in October 2024, down 3.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $410K | $342.4K | -16.5% |
| 3 Bedrooms | $259.6K | $310K | +19.4% |
| 4 Bedrooms | $357K | $331K | -7.3% |
| 5+ Bedrooms | $512.5K | $500K | -2.4% |
Summary: Newport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Saint Paul | $276.4K | $290K | +4.9% |
| Woodbury | $434.9K | $448.8K | +3.2% |
| Cottage Grove | $395.4K | $399K | +0.9% |
| Newport | $338K | $325K | -3.8% |
| Saint Paul Park | $310K | $289K | -6.8% |
Housing Supply in Newport, MN
How many homes are available in Newport, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Newport real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Newport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Newport in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 43 Days | +222.5% |
Summary: Homes in Newport had an average of 43 days on market in Oct 2024, up by 222.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newport has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Newport; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
