$10,000 Closing Credit*
$885,000
1,620 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: T. L. Holland Agency
Is Newport County, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Newport County has remained a Seller's Market.
Key Takeaway
Newport County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newport County, RI
How much do homes in Newport County, RI cost?
Median Sold Price
$743,833
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,583(+6.8%)
Key Takeaway
Homes in Newport County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Newport County was $743,833 in November 2024, up 6.8% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $491.3K | +14.3% |
| 2 Bedrooms | $542.8K | $604.5K | +11.4% |
| 3 Bedrooms | $640K | $675K | +5.5% |
| 4 Bedrooms | $925K | $1.0M | +11.1% |
| 5+ Bedrooms | $1.3M | $1.6M | +24.1% |
Summary: Newport County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Counties
| Bristol County | $464.9K | $510K | +9.7% |
| Newport County | $696.2K | $743.8K | +6.8% |
Housing Supply in Newport County, RI
How many homes are available in Newport County, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 377 | 326 | -13.5% |
Summary: The Newport County real estate market had 326 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 20 | -4.8% |
| 2 Bedrooms | 93 | 78 | -16.1% |
| 3 Bedrooms | 140 | 116 | -17.1% |
| 4 Bedrooms | 69 | 63 | -8.7% |
| 5+ Bedrooms | 54 | 49 | -9.3% |
Summary: The Newport County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 9.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 58 | -43.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport County, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Newport County in November 2024, down by 43.7% month-over-month. Of the 58 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Newport County, RI
How long does it take to sell a home in Newport County, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 47 Days | +6.0% |
Summary: Homes in Newport County had an average of 47 days on market in Nov 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newport County has remained consistent over time.
Summary: During November 2024, 58 homes were sold in Newport County; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.