Why Live in Newport
Since it was settled in 1639 at the southern point of Aquidneck Island, Newport has grown from a coastal commercial hub into a leisure- and tourism-focused city with over 25,000 residents. Today, it’s best known for its palatial Gilded Age mansions and its walkable waterfront shopping and dining district. "There's so much to do and see when it comes to Newport," says Connor Dowd, a Realtor and Rhode Island resident. "On top of being an extremely historic area with some beautiful architecture, you've got food, beaches, museums and big events." As its "sailing capital of the world" nickname would suggest, Newport also has multiple boat access points on the Narraganset Bay waterfront. But what attracts visitors and residents most is how close these amenities are to each other. "The walkability of Newport is attractive for many of my clients," Dowd says. "When you're downtown, you don't have to drive to many different places, and this is a plus, especially when it gets busier during the summer." Homes here date from the 17th century to today. The Wanton-Lyman-Hazard House, built in 1697, is one of a few surviving Colonial homes in the city. Washington Street contains historic
Home Trends in Newport, RI
On average, homes in Newport, RI sell after 57 days on the market compared to the national average of 50 days. The median sale price for homes in Newport, RI over the last 12 months is $965,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$965,000
Median Single Family Sale Price
$1,250,000
Median Townhouse Sale Price
$1,650,000
Median 2 Bedroom Sale Price
$785,000
Median 1 Bedroom Sale Price
$550,000
Average Price Per Sq Ft
$756
Number of Homes for Sale
45
Last 12 months Home Sales
139
Median List Price
$1,162,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
12%