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 consistent throughout the spring season. Last week, we saw 10 homes trade ( information sourced through the RI Statewide MLS), 4 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 all 10 listings that sold last week in Newport County.
32 Bayberry Road, Jamestown
- Click here to see 32 Bayberry Road
- Price: $1,035,000.00
- Type: Contemporary
- Bed/Bath: 3 beds / 2.5 baths
- Sq. Ft.: 1,943
- Days on Market: 131
70 Crandall Road, Little Compton
- Click here to see 70 Crandall Road
- Price: $575,000.00
- Type: Cape Cod
- Bed/Bath: 2 beds / 1 bath
- Sq. Ft.: 1,587
- Days on Market: 0
196 Cromwell Drive, Portsmouth
- Click here to see 196 Cromwell Drive
- Price: $1,585,000.00
- Type: Colonial
- Bed/Bath: 4 beds / 2.5 baths
- Sq. Ft.: 2,432
- Days on Market: 23
2355 West Main Road, Portsmouth
- Click here to see 2355 West Main Road
- Price: $410,000.00
- Type: Raised Ranch
- Bed/Bath: 3 beds / 1.5 baths
- Sq. Ft.: 1,152
- Days on Market: 72
30 Stony Brook Lane, Portsmouth
- Click here to see 30 Stony Brook Lane
- Price: $815,000.00
- Type: One Level
- Bed/Bath: 2 beds / 2 baths
- Sq. Ft.: 1,876
- Days on Market: 51
289 Riverside Drive, Tiverton
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- Price: $2,000,000.00
- Type: Contemporary, Cottage
- Bed/Bath: 3 beds / 2.5 baths
- Sq. Ft.: 2,133
- Days on Market: 8
5 Evergreen Avenue, Tiverton
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- Price: $425,000.00
- Type: Ranch
- Bed/Bath: 2 beds / 1 bath
- Sq. Ft.: 1,100
- Days on Market: 31
19 Sparrow Drive, Tiverton
- Click here to see 19 Sparrow Drive
- Price: $325,000.00
- Type: Manufactured/Mobile
- Bed/Bath: 2 beds / 2 baths
- Sq. Ft.: 1,476
- Days on Market: 35
41 Blackbird Street, Tiverton
- Click here to see 41 Blackbird Street
- Price: $315,000.00
- Type: Manufactured/Mobile
- Bed/Bath: 3 beds / 2 baths
- Sq. Ft.: 1,701
- Days on Market: 2
107 Leeshore Lane, Tiverton
- Click here to see 107 Leeshore Lane
- Price: $1,700,000.00
- Type: Town House
- Bed/Bath: 2 beds / 3.5 baths
- Sq. Ft.: 2,876
- Days on Market: 35