Why Live in Newport
Newport is a historic coastal neighborhood known for its Gilded Age mansions, fresh seafood, and vibrant summer vacation scene. Brick-paved streets are lined with local boutiques and cafes, offering plenty of things to do. Newport's walkability is a major draw, with many amenities within easy reach, including beaches like Easton Beach (First Beach) and the scenic Cliff Walk. The area is renowned as the "sailing capital of the world," with multiple boat access points to Narraganset Bay. Historic homes, including colonial-era properties on Washington Street, blend with classic New England architecture such as Cape Cods and Victorians. Some larger homes have been converted into condos. Broadway offers a variety of dining options, including The 5th Element, Caleb & Broad, and The Tavern. Retail needs are met at Long Wharf Mall, and groceries can be picked up at Stop & Shop. Newport hosts numerous events, with highlights including the St. Patrick's Day Parade, Folk Festival, and the renowned Newport Jazz Festival. Public transportation is available through RIPTA, and the neighborhood is a 26-mile drive from TF Green Rhode Island International Airport via Route 138. For those traveling to Providence, I-95 is the main route.
Home Trends in Newport, RI
On average, homes in Newport, RI sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in Newport, RI over the last 12 months is $800,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$800,000
Median Single Family Sale Price
$880,000
Median Townhouse Sale Price
$2,025,000
Median 2 Bedroom Sale Price
$829,000
Median 1 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$735
Number of Homes for Sale
23
Last 12 months Home Sales
53
Median List Price
$875,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
7%