$8,253 Closing Credit*
$695,000
3,860 SqFt
6 Beds
•3 Baths
Kimberly Allen, Listing Office: Keller Williams Spokane - Main
Is Newport, WA 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, WA
How much do homes in Newport, WA cost?
Median Sold Price
$459,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,100(+5.3%)
Key Takeaway
Homes in Newport have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Newport was $459,000 in November 2024, up 5.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $155K | +3.3% |
| 2 Bedrooms | $415K | $399K | -3.9% |
| 3 Bedrooms | $450K | $475K | +5.6% |
| 4 Bedrooms | $495K | $487K | -1.6% |
| 5+ Bedrooms | $530.4K | $465K | -12.3% |
Summary: Newport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in Newport, WA
How many homes are available in Newport, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 58 | -9.4% |
Summary: The Newport real estate market had 58 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 21 | 13 | -38.1% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
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 decreased by 38.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Newport in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Newport, WA
How long does it take to sell a home in Newport, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 124 Days | +817.6% |
Summary: Homes in Newport had an average of 124 days on market in Nov 2024, up by 817.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Newport are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Newport; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.