Is Newport, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newport is a seller's market

Buyer's
Market

Difference Since November 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, NC

How much do homes in Newport, NC cost?

Median Sold Price

$385,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,510(+17.6%)

Key Takeaway

Homes in Newport have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Newport was $385,000 in November 2024, up 17.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $84.7K$188K
+121.8%
2 $236K$340K
+44.1%
3 $322.5K$348.5K
+8.1%
4 $510K$515K
+1.0%
5+ $755.5K$905K
+19.8%

Summary: Newport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121.8%, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 19.8%.

Median Sold Price Compared To Nearby Cities

Newport Township
+18.3%
Newport
+17.6%
Morehead Township
+7.2%

Housing Supply in Newport, NC

How many homes are available in Newport, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99102+3.0%

Summary: The Newport real estate market had 102 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 6264
+3.2%
4 2322
-4.3%
5+ 54
-20.0%

Summary: The Newport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newport, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Newport in November 2024, up by 5.9% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
43 Days58 Days+34.6%

Summary: Homes in Newport had an average of 58 days on market in Nov 2024, up by 34.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newport are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Newport; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Newport, NC

Nearby Markets to Newport, NC

What housing markets are near Newport, NC?