On the Market: 23 open houses in Newport County this weekend (Oct. 19 - 20)

Welcome to this week’s edition of “On the Market,” where we showcase the latest real estate opportunities featuring public showings throughout Newport County. As we dive deeper into the Fall season, trends in the Rhode Island market reveal some interesting shifts. While inventory levels have started to rise, many buyers are still feeling the squeeze on affordability, particularly with conventional loan rates lingering around the 7% mark.

This Fall, we’re seeing more price adjustments across Newport County as sellers respond to buyer hesitation. Nearly 30% of listings experienced price reductions in the past month, a clear indicator that the market is adjusting to more balanced conditions after the extreme seller’s market of the past few years. Open houses remain a fantastic opportunity to explore available properties, especially on holiday weekends when many potential buyers have more time to tour. This weekend, 23 homes will be open for viewing across Newport County, offering everything from charming historic properties to modern waterfront estates.

While the market remains competitive, price stability is expected as sellers adjust expectations, and buyers begin to negotiate more assertively. Buyers should also be aware of shifting interest rates, especially following recent economic reports. With continued pressure on inflation and signs that the Federal Reserve may maintain higher interest rates into 2024, timing your home purchase may become a critical decision. Despite these uncertainties, Newport and the surrounding communities remain highly desirable, especially with work-from-home flexibility allowing more people to consider Aquidneck Island as a permanent residence.

As the market continues to evolve this Fall, partnering with an experienced local agent is key. Tyler Bernadyn, co-owner of RE/MAX Results, brings unmatched local expertise, a keen understanding of market trends, and a deep commitment to his clients. Whether you’re buying or selling, Tyler is ready to guide you through the process. For inquiries or to discuss current market conditions, contact Tyler at 401-241-1851 or via email at TylerB@resultswithremax.com.

Take a look at what’s ON THE MARKET this weekend in Newport County

Open Houses on Saturday, October 19, 2024

Jamestown

51 Keel Avenue
- Property Type: Single Family
- Time: 11:00AM-12:30AM
- Price: $850,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1369635

Little Compton

40 West Main Road
- Property Type: Single Family
- Time: 10:00AM-12:00PM
- Price: $725,000
- Bedrooms: 3
- Bathrooms: 2/1
- MLS#: 1366765

Middletown

138 Oliphant Lane
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $1,095,000
- Bedrooms: 4
- Bathrooms: 2/1
- MLS#: 1370920
15 Continental Drive
- Property Type: Single Family
- Time: 11:00AM-12:30PM
- Price: $689,000
- Bedrooms: 3
- Bathrooms: 1/1
- MLS#: 1370112

Newport

43 Palmer Street
- Property Type: Single Family
- Time: 1:00PM-3:00PM
- Price: $1,290,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1370859
68 Kay Street
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $2,299,000
- Bedrooms: 6
- Bathrooms: 4/1
- MLS#: 1371010
21 Fir Street
- Property Type: Single Family
- Time: 12:00PM-2:00PM
- Price: $3,475,000
- Bedrooms: 5
- Bathrooms: 4/1
- MLS#: 1369542

Portsmouth

57 Immokolee Drive
- Property Type: Condominium
- Time: 2:30PM-4:00PM
- Price: $995,000
- Bedrooms: 2
- Bathrooms: 2/1
- MLS#: 1369092
70 Bayview Avenue
- Property Type: Single Family
- Time: 2:00PM-3:30PM
- Price: $1,250,000
- Bedrooms: 3
- Bathrooms: 1/1
- MLS#: 1370585
22 Pear Street
- Property Type: Single Family
- Time: 11:30AM-1:00PM
- Price: $575,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1370932
81 Lee Avenue
- Property Type: Single Family
- Time: 1:00PM-2:30PM
- Price: $649,000
- Bedrooms: 3
- Bathrooms: 1/1
- MLS#: 1370865

Tiverton

71 Starboard Drive #440
- Property Type: Condominium
- Time: 11:00AM-1:00PM
- Price: $729,000
- Bedrooms: 1
- Bathrooms: 1/1
- MLS#: 1371112
91 Bellview Avenue
- Property Type: Single Family
- Time: 1:30PM-3:00PM
- Price: $374,900
- Bedrooms: 2
- Bathrooms: 1/0
- MLS#: 1371084
270 Riverside Drive
- Property Type: 2-4 Units Multi Family
- Time: 11:00AM-12:30AM
- Price: $890,000
- Bedrooms: 3
- Bathrooms: 2/0
- MLS#: 1361811
61 Bouchard Lane
- Property Type: Single Family
- Time: 11:00AM-1:00PM
- Price: $999,000
- Bedrooms: 3
- Bathrooms: 3/1
- MLS#: 1366166
39 Hilton Street
- Property Type: Single Family
- Time: 1:00PM-3:00PM
- Price: $360,000
- Bedrooms: 2
- Bathrooms: 1/0
- MLS#: 1368721

Open Houses on Sunday, October 20, 2024