Rhode Island, though small in size, has become a cultural destination for many and has quickly cemented itself as one of the most intriguing second home markets. Even in today’s real estate landscape where inventory is historically low which is keeping prices competitively high, Newport County’s real estate market has remained consistently strong. Last week, we saw 19 home sales (published on the RI Statewide MLS), 7 of which sold for over $1,000,000.
Rhode Island has witnessed a significant uptick in property prices across all categories, underlining the enduring appeal of this coastal haven and the significant amount of equity that homeowners have seen in the aftermath of the pandemic. These variables paired with higher interest rates over the last 2 years, have proven challenging for entry level buyers or those looking to make a lifestyle change, and most homeowners who have purchased in the last 5 years are finding it hard to justify a move based on their current mortgage payment.
Interested in seeing what your home might be worth in today’s market or considering taking advantage of this low inventory market? Looking for professional representation to help assist with your home search? Tyler Bernadyn of RE/MAX RESULTS is a great resource for your real estate related questions. For more information or to schedule a confidential appointment, click here: HomeWise: Discover the value of your home. He can also be reached directly at 401-241-1851 or via email at TylerB@resultswithremax.com.
Click here to see the homes that traded hands last week: Click Here to See Recent Sales
- 173 Seaside Drive, Jamestown
- Price: $1,895,000.00
- Type: Colonial
- Bed/Bath: 3 beds / 2.5 baths
- Sq. Ft.: 2,384
- Days on Market: 40
- 410 F Long Highway, Little Compton
- Price: $995,000.00
- Type: Cape Cod
- Bed/Bath: 3 beds / 2 baths
- Sq. Ft.: 1,822
- Days on Market: 6
- 300 Vaucluse Avenue, Middletown
- Price: $2,300,000.00
- Type: Contemporary
- Bed/Bath: 4 beds / 4.5 baths
- Sq. Ft.: 3,256
- Days on Market: 161
- 342 Boulevard, Middletown
- Price: $1,175,000.00
- Type: Up/Down
- Bed/Bath: 6 beds / 2.5 baths
- Sq. Ft.: 8,111
- Days on Market: 152
- 9 Boughton Road, Newport
- Price: $651,000.00
- Type: Bungalow
- Bed/Bath: 2 beds / 2 baths
- Sq. Ft.: 1,092
- Days on Market: 7
- 12 Tompkins Court, Newport
- Price: $1,650,000.00
- Type: Cottage
- Bed/Bath: 3 beds / 3 baths
- Sq. Ft.: 1,962
- Days on Market: 30
- 15 Clarke Street, Unit#8 & 13B, Newport
- Price: $1,590,000.00
- Type: Town House
- Bed/Bath: 3 beds / 3.5 baths
- Sq. Ft.: 2,377
- Days on Market: 161
- 77 Eustis Avenue, Newport
- Price: $1,875,000.00
- Type: Contemporary
- Bed/Bath: 3 beds / 2.5 baths
- Sq. Ft.: 2,288
- Days on Market: 6
- 26 Lee Avenue, Newport
- Price: $920,000.00
- Type: Cottage
- Bed/Bath: 3 beds / 3 baths
- Sq. Ft.: 1,373
- Days on Market: 9
- 123 Carroll Avenue, Newport
- Price: $1,395,000.00
- Type: Cape Cod
- Bed/Bath: 3 beds / 3 baths
- Sq. Ft.: 1,391
- Days on Market: 22
- 5 Conrad Court, Newport
- Price: $772,900.00
- Type: Cottage
- Bed/Bath: 4 beds / 1.5 baths
- Sq. Ft.: 1,176
- Days on Market: 32
- 2 Pennacook Street, Newport
- Price: $585,000.00
- Type: Ranch
- Bed/Bath: 3 beds / 1.5 baths
- Sq. Ft.: 912
- Days on Market: 29
- 23 Birch Street, Portsmouth
- Price: $550,000.00
- Type: Ranch
- Bed/Bath: 3 beds / 1 bath
- Sq. Ft.: 1,194
- Days on Market: 0
- 469 Bristol Ferry Road, Portsmouth
- Price: $380,000.00
- Type: Cottage
- Bed/Bath: 3 beds / 1 bath
- Sq. Ft.: 964
- Days on Market: 55
- 81 Stone Church Road, Tiverton
- Price: $309,000.00
- Type: Ranch
- Bed/Bath: 2 beds / 1 bath
- Sq. Ft.: 1,056
- Days on Market: 14
- 24 Vale Street, Tiverton
- Price: $350,000.00
- Type: Raised Ranch
- Bed/Bath: 4 beds / 2 baths
- Sq. Ft.: 1,144
- Days on Market: 13
- 53 Topsail Drive, Tiverton
- Price: $879,000.00
- Type: Town House
- Bed/Bath: 2 beds / 2.5 baths
- Sq. Ft.: 1,220
- Days on Market: 28
- 31 Reed Street, Tiverton
- Price: $477,500.00
- Type: Cape Cod
- Bed/Bath: 3 beds / 2 baths
- Sq. Ft.: 1,428
- Days on Market: 4
- 19 Lepes Road, Tiverton
- Price: $424,000.00
- Type: Ranch
- Bed/Bath: 2 beds / 2 baths
- Sq. Ft.: 840
- Days on Market: 31
