The Newport County real estate market saw limited activity last week, with only seven homes changing hands, according to information provided on the statewide MLS. Here’s a quick synopsis of the properties that were traded. Click the link below to see the homes that recently sold in your neighborhood.
CLICK HERE TO SEE WHAT SOLD LAST WEEK IN NEWPORT COUNTY
- Jamestown
- Address: 101 Mount Hope Avenue
- Price Sold: $1,920,000.00
- Bedrooms/Bathrooms: 4 beds / 2 full baths / 1 half bath
- Days on Market: 21
- Property Type: Contemporary
- Middletown
- Address: 62 Bluegrass Drive
- Price Sold: $875,000.00
- Bedrooms/Bathrooms: 4 beds / 2 full baths / 1 half bath
- Days on Market: 46
- Property Type: Colonial, Contemporary
- Newport
- Address: 5 Narragansett Avenue
- Price Sold: $1,250,000.00
- Bedrooms/Bathrooms: 3 beds / 2 full baths / 1 half bath
- Days on Market: Sold before print.
- Property Type: Cottage
- Newport
- Address: 71 Gibbs Avenue
- Price Sold: $950,000.00
- Bedrooms/Bathrooms: 3 beds / 3 full baths
- Days on Market: 35
- Property Type: Colonial
- Newport
- Address: 11 Whitwell Place
- Price Sold: $700,000.00
- Bedrooms/Bathrooms: 2 beds / 2 full baths
- Days on Market: 9
- Property Type: Up/Down Multi-Family
- Portsmouth
- Address: 28 Strawberry Lane
- Price Sold: $2,350,000.00
- Bedrooms/Bathrooms: 5 beds / 5 full baths
- Days on Market: 61
- Property Type: Colonial
- Portsmouth
- Address: 136 Old Mill Lane
- Price Sold: $481,000.00
- Bedrooms/Bathrooms: 3 beds / 2 full baths
- Days on Market: 6
- Property Type: Raised Ranch
Tiverton- Address: 29 Cutter Lane, Unit #120
- Price Sold: $1,020,000.00
- Bedrooms/Bathrooms: 3 bedrooms / 4 bathrooms
- Days on Market: 119
- Property Type: Town House
Newport County’s real estate market is currently characterized by a persistent challenge of limited inventory, significantly influencing supply and demand dynamics. The scarcity of available properties continues to drive competition among buyers, resulting in prices remaining high. With a shortage of listings in Newport County, potential buyers are faced with heightened competition and the need for swift decision-making. With interest rates predicted to drop in 2024 and pent up buyer demand, the need for more inventory to satisfy consumer appetite is essential and I am hopefully optimistic that the Spring market will warrant an increase in new listings. For more information on the local market or to gain further perspective on what your home may be worth please contact Tyler Bernadyn, co-owner of RE/MAX RESULTS. He can be reached directly at 401-241-1851 or via email at TylerB@resultswithremax.com.
