The current real estate market is characterized by a persistent challenge: limited inventory and a scarcity of available options for prospective buyers. This imbalance between supply and demand has led to increased prices, with sellers reaping the benefits of a market heavily tilted in their favor.
Across the state, the inventory of homes for sale remains remarkably low, leaving buyers scrambling to secure properties amidst fierce competition. This scarcity has created a dynamic where sellers hold a significant advantage as multiple offers and bidding wars become commonplace. As a result, prices have continued to climb, reaching new highs in many areas.
Interested in seeing what your home might be worth in today’s market or considering taking advantage of this low inventory market? Tyler Bernadyn of RE/MAX RESULTS is a great resource for real estate-related questions. For more information or to schedule a confidential appointment, click here: HomeWise: Discover the value of your home
HERE’S WHAT SOLD LAST WEEK IN NEWPORT COUNTY
Middletown:
- Address: 20 South Drive
- Type: Colonial
- Price: $875,000
- Beds/Baths: 3 beds, 2 baths
- Sqft: 2,380
- Days on Market: 35
- Address: 1560 West Main Road
- Type: Single Family
- Price: $560,000
- Beds/Baths: 3 beds, 1 bath
- Sqft: 1,300
- Days on Market: 7
- Address: 10 Reardon Drive
- Type: Ranch
- Price: $482,625
- Beds/Baths: 3 beds, 1 bath
- Sqft: 1,008
- Days on Market: 48
Newport:
- Address: 10 Franklin Street
- Type: Historic
- Price: $2,900,000
- Beds/Baths: 5 beds, 3.5 baths
- Sqft: 2,796
- Days on Market: 45
- Address: 1 Beacon Court
- Type: Cape Cod
- Price: $563,500
- Beds/Baths: 4 beds, 2 baths
- Sqft: 1,512
- Days on Market: 0
- Address: 259 Gibbs Avenue, Unit#5
- Type: Condominium
- Price: $500,000
- Beds/Baths: 2 beds, 1 bath
- Sqft: 966
- Days on Market: 109
- Address: 1 Bradford Avenue
- Type: Multi-family
- Price: $1,150,000
- Beds/Baths: 4 beds, 2.5 baths
- Sqft: 3,302
- Days on Market: 50
Portsmouth:
- Address: 137 Prospect Lane
- Type: Colonial
- Price: $1,095,000
- Beds/Baths: 3 beds, 2.5 baths
- Sqft: 2,087
- Days on Market: 5
- Address: 40 Soares Drive
- Type: Ranch
- Price: $880,000
- Beds/Baths: 3 beds, 2.5 baths
- Sqft: 2,539
- Days on Market: 27
- Address: 248 McCorrie Lane
- Type: Contemporary
- Price: $788,500
- Beds/Baths: 4 beds, 2.5 baths
- Sqft: 3,524
- Days on Market: 11
- Address: 301 Freedom Trail Drive
- Type: Cape Cod
- Price: $715,400
- Beds/Baths: 3 beds, 2.5 baths
- Sqft: Not specified
- Days on Market: 79
- Address: 140 Dexter Street
- Type: Ranch
- Price: $610,000
- Beds/Baths: 3 beds, 2 baths
- Sqft: 1,376
- Days on Market: 6
- Address: 92 Greenfield Avenue
- Type: Bungalow
- Price: $499,500
- Beds/Baths: 2 beds, 2 baths
- Sqft: 904
- Days on Market: 55
- Address: 20 North Drive
- Type: Manufactured/Mobile
- Price: $70,000
- Beds/Baths: 2 beds, 2 baths
- Sqft: 1,150
- Days on Market: 166
- Address: 1 Tower Drive, Unit#801
- Type: High Rise
- Price: $980,000
- Beds/Baths: 2 beds, 3 baths
- Sqft: 1,785
- Days on Market: 104
Tiverton:
- Address: 56 Heritage Park Avenue
- Type: Manufactured/Mobile
- Price: $126,000
- Beds/Baths: 2 beds, 1 bath
- Sqft: 924
- Days on Market: 24