Housing Prices in Newport, VA

How much do homes in Newport, VA cost?

Median List Price

$399,000

$199/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$14,000(+3.6%)

Key Takeaway

The list price of homes in Newport has increased by 3.6% since last year.

Summary: The median home list price in Newport was $399,000 in October 2024, up 3.6% from the previous year, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $268.9K$271.3K
+0.9%
2 $279.9K$286K
+2.2%
3 $316.9K$329.5K
+4.0%
4 $524.9K$494.9K
-5.7%
5+ $640K$649K
+1.4%

Summary: Newport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 1.4%.

Median List Price Compared To Nearby Cities

Smithfield
+8.5%
Carrollton
+5.3%
Newport
+3.6%
Suffolk
0.1%

Housing Supply in Newport, VA

How many homes are available in Newport, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
94103+9.6%

Summary: The Newport real estate market had 103 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3436
+5.9%
4 2635
+34.6%
5+ 2422
-8.3%

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 remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes decreased by 8.3%.

Days on Market for Newport, VA

How long does it take to sell a home in Newport, VA?

Average Listing Age

Oct 2023Oct 2024CHANGE
152 Days105 Days-30.8%

Summary: Homes in Newport had an average listing age of 105 days in Oct 2024, down by 30.8% compared to the previous year.

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

Report Updated 22 Days Ago

Newest Listings in Newport, VA

Nearby Markets to Newport, VA

What housing markets are near Newport, VA?