2

Newport, RI Homes for Sale under $500,000

Section Image
  • 46 Chastellux Ave Unit M6, Newport, RI 02840
    46 Chastellux Ave Unit M6, Newport, RI 02840
    46 Chastellux Ave Unit M6, Newport, RI 02840
    /43

    $499,000

    • 1 Bed
    • 1 Bath
    • 665 Sq Ft

    46 Chastellux Ave Unit M6, Newport, RI 02840

    **Charming Historic Condominium in the Heart of Newport** Discover your perfect retreat in this beautifull one-bedroom condo, nestled within a stunning converted historic home dating back to 1880. With only 11 units in total, you'll enjoy a sense of community and exclusivity on estate-like grounds perched high on a hill. Step inside to a grand porch entry featuring soaring 12-foot ceilings and

    Belinda Nattress Keller Williams Coastal

    46 Chastellux Ave Unit M6, Newport, RI 02840
  • 138 Spring St Unit 1, Newport, RI 02840
    138 Spring St Unit 1, Newport, RI 02840
    138 Spring St Unit 1, Newport, RI 02840
    /26

    $485,000

    • 0.5 Baths
    • 580 Sq Ft

    138 Spring St Unit 1, Newport, RI 02840

    This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone

    Karin Jackson Lila Delman Compass

    138 Spring St Unit 1, Newport, RI 02840
Rhode Island Newport County Newport

Real Estate & Homes in Newport, RI under $500,000

Home Trends in Newport, RI

On average, homes in Newport, RI sell after 64 days on the market compared to the national average of 58 days. The median sale price for homes in Newport, RI over the last 12 months is $1,155,000, up 27% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$1,155,000
Median Single Family Sale Price
$1,415,000
Median Townhouse Sale Price
$2,200,000
Median 2 Bedroom Sale Price
$785,000
Median 1 Bedroom Sale Price
$504,000
Average Price Per Sq Ft
$787
Number of Homes for Sale
56
Last 12 months Home Sales
231
Months of Supply
2.90
Median List Price
$1,250,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
27%
How to Buy a Home How to Finance a Home How to Sell a Home

In Newport, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 2 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Newport, RI and find the perfect fit for your homeownership goals.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group