$3,086 Closing Credit*
$259,900
1,454 SqFt
3 Beds
•2 Full Baths
Kimberly L Defaria, Listing Office: River Hills Properties LLC Barn
Is Newport, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Newport was a Seller's Market.
Key Takeaway
Newport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newport, NY
How much do homes in Newport, NY cost?
Median Sold Price
$190,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-9.5%)
Key Takeaway
Homes in Newport have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Newport was $190,000 in November 2024, down 9.5% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219K | - | N/A |
| 3 Bedrooms | $181K | $248.2K | +37.2% |
| 4 Bedrooms | $229.9K | $190K | -17.4% |
| 5+ Bedrooms | $300K | $77.5K | -74.2% |
Summary: Newport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 37.2%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 74.2%.
Housing Supply in Newport, NY
How many homes are available in Newport, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Newport real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Newport in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Newport, NY
How long does it take to sell a home in Newport, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 51 Days | +385.7% |
Summary: Homes in Newport had an average of 51 days on market in Nov 2024, up by 385.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newport has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Newport; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.