$6,234 Closing Credit*
$525,000
1,038 SqFt
3 Beds
•1 Full Bath, 1 Partial
Sam Chui, Listing Office: eLink Realty
Is Newport, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$1,360,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$95,000(+7.5%)
Key Takeaway
Homes in Newport have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Newport was $1,360,000 in December 2024, up 7.5% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $316K | 0.3% |
| 2 Bedrooms | $478.5K | $515K | +7.6% |
| 3 Bedrooms | $1.1M | $1.2M | +11.8% |
| 4 Bedrooms | $1.3M | $1.5M | +11.6% |
| 5+ Bedrooms | $1.7M | $1.5M | -9.7% |
Summary: Newport housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Newport, WA
How many homes are available in Newport, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 19 | -40.6% |
Summary: The Newport real estate market had 19 homes for sale in December 2024, a 40.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 16 | 8 | -50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Newport housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
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 December 2024, down by 64.3% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 112 Days | +342.2% |
Summary: Homes in Newport had an average of 112 days on market in Dec 2024, up by 342.2% 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 December 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 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 © 2025 Northwest MLS. All rights reserved.