Is Newport, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, OR
How much do homes in Newport, OR cost?
Median Sold Price
$445,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newport have sold for 11% less than they did a year ago.
Summary: The median home sold price in Newport was $445,000 in April 2024, down 11% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $334.4K | +39.4% |
| 2 Bedrooms | $399K | $381.1K | -4.5% |
| 3 Bedrooms | $637.5K | $487.4K | -23.5% |
| 4 Bedrooms | $510K | $645K | +26.5% |
| 5+ Bedrooms | - | $464.9K | N/A |
Summary: Newport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes did not change.
Housing Supply in Newport, OR
How many homes are available in Newport, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Newport real estate market had 30 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Newport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Newport in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Newport, OR
How long does it take to sell a home in Newport, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 54 Days | -17.3% |
Summary: Homes in Newport had an average of 54 days on market in Apr 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newport has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Newport; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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