Exploring the key trends and opportunities in Newport's growing real estate sector.
Newport, RI housing market is somewhat competitive. The median sale price of a home in Newport, RI was $975K last month, an increase of 15.2% since last year. The median sale price per square foot in Newport, RI is $762, an increase of 57.8% since last year. In April 2025:
Median Sale Price
# of Homes Sold
Median Days on Market
Certain homes receive multiple offers. On average, homes sell for approximately 2% below the listing price and typically go under contract within 38 days. However, high-demand homes can sell for about 1% above list price and often go pending within just 10 days.
Where are people moving to Newport from? Nationwide, 3% of homebuyers looked to relocate to Newport from other metropolitan areas. Among these, New York homebuyers showed the highest interest in moving to Newport, followed by those from Hartford and Springfield.
Where are people from Newport moving to? 80% of homebuyers in Newport looked to stay within the Newport metro area. For those considering a move, Portland was the top destination, followed by Lebanon and Miami.
A Guide To
Known for its rich maritime heritage and the iconic Gilded Age mansions, Newport is home to scenic ocean views, charming neighborhoods, and cultural attractions that draw residents and visitors alike. The city provides ample outdoor activities, from sailing and beachcombing to exploring the scenic Cliff Walk, which winds along the coast. Downtown Newport offers a mix of boutique shopping, local dining, and waterfront parks, fostering a lively yet relaxed atmosphere.
Newport's residents enjoy access to quality schools, diverse dining options, and year-round events, including the Newport Jazz and Folk Festivals. The cost of living is higher than the national average, driven by its desirability and proximity to the coast. Despite its relatively small size, Newport offers a range of housing options, from historic homes and condos to waterfront estates, appealing to both full-time residents and seasonal visitors.
A Strategic Guide to Maximizing Your Home’s Value.
10/11/24 | Lizbeth Kirwin
Explore the timeless beauty of Newport’s most iconic landmarks.
10/11/24 | Lizbeth Kirwin
Mastering the Art of the Deal in Real Estate.
12/22/24 | Lizbeth KirwinI pride myself in providing personalized solutions that brings me closer to your dream property and enhance your long-term wealth.
