$8,900,000
5,570 SqFt
4 Beds
•1 Full Bath
Bob C. Lee, Listing Office: Better Properties - Metro
Is Newport, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, WA
How much do homes in Newport, WA cost?
Median Sold Price
$1,375,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$135,000(+10.9%)
Key Takeaway
Homes in Newport have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Newport was $1,375,000 in October 2024, up 10.9% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $332.4K | +10.8% |
| 2 Bedrooms | $475K | $515K | +8.4% |
| 3 Bedrooms | $1.1M | $1.2M | +7.2% |
| 4 Bedrooms | $1.3M | $1.5M | +15.0% |
| 5+ Bedrooms | $1.6M | $1.6M | -0.6% |
Summary: Newport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Newport, WA
How many homes are available in Newport, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Newport real estate market had 40 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
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 increased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Newport in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 13 Days | -71.4% |
Summary: Homes in Newport had an average of 13 days on market in Oct 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Newport; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service 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.