Explore Newport
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Why Live in Newport
Newport, RI, located on Aquidneck Island, is a coastal city with a rich history dating back to 1639. Known for its Gilded Age mansions and walkable waterfront shopping and dining district, Newport attracts residents and visitors alike with its historic architecture, food, beaches, museums, and big events. The city is renowned as the "sailing capital of the world," offering multiple boat access points on Narragansett Bay. Homes in Newport range from 17th-century Colonials to modern additions, including Cape Cods and Victorians, with some larger properties converted into condos. The Newport Mansions along Bellevue Avenue are a significant attraction, with some open for public tours. The 3.5-mile Cliff Walk trail provides scenic ocean views and passes by many historic properties. High-end shopping and dining are concentrated around Thames Street, Spring Street, and Broadway, with notable attractions like the Newport Art Museum, Audrain Auto Museum, and the International Tennis Hall of Fame nearby. Easton Beach, also known as First Beach, offers swimming and amenities, though seaweed can occasionally be an issue. Battery Park is a popular spot for sunset views. Newport hosts numerous events, including the St. Patrick's Day Parade, Folk Festival, and the renowned Newport Jazz Festival at Fort Adams State Park. The city is served by the Newport Public Schools system, with a new high school building set to open in 2025. Highly rated private schools include St. George's School and St. Michael's Country Day School. Salve Regina University and the U.S. Naval War College are also located here. Transportation options include bus service provided by RIPTA, bridges, and seasonal ferry service. Flooding can be a concern in certain areas during storm surges.
Home Prices in Newport, RI
The median home sale price in Newport, RI is $1,117,500, up 18% year-over-year. Homes in Newport sell in 65 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$1,117,500
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Median Single Family Sale Price
$1,472,500
|
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Median Townhouse Sale Price
$2,200,000
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Median 2 Bedroom Sale Price
$797,000
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Median 1 Bedroom Sale Price
$529,000
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Average Price Per Sq Ft
$800
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Number of Homes for Sale
64
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Last 12 months Home Sales
240
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Months of Supply
3.20
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Median List Price
$1,275,000
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Median Change From 1st List Price
3%
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Median Home Sale Price YoY Change
18%
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