The Newport County real estate market remains active, with 17 homes changing hands last week, as reported by the Rhode Island statewide MLS. Despite the onset of fall and cooler weather, buyer interest remains strong and current availability of active listings remains limited.
Currently, the market is facing significant challenges due to low inventory. As of today, there are only 31 single-family homes available for sale on Aquidneck Island priced under $1,000,000. This limited supply is insufficient to meet the ongoing demand from buyers eager to enter the market. Well-priced properties continue to attract immediate attention, reflecting a trend where sellers are becoming more responsive to market conditions and effectively managing expectations from the outset.
For those looking to sell, this is an optimal moment to capitalize on the strong demand before the holiday season. Recent sales in Newport County illustrate how quickly properties can move, often amidst competitive bidding wars. The recent changes in mortgage rates have reignited interest from buyers who had previously been hesitant, creating an environment that is more competitive than many anticipated.
Navigating this competitive landscape requires expert guidance. Tyler Bernadyn, co-owner of RE/MAX Results, is here to provide the knowledge and support necessary for a successful transaction. With a deep understanding of the local market and a commitment to client satisfaction, Tyler is dedicated to making your buying or selling experience as seamless as possible. For more information on these recent sales or to schedule a consultation, please reach out at TylerB@resultswithremax.com or direct 401-241-1851.
Click HERE to see ‘What Sold’ last week in Newport County
Jamestown
- 32 Bayberry Road
- Sales Price: $1,495,000.00
- Type of Property: Other
- Bedrooms: 3
- Bathrooms (FB/HB): 2/1
- Square Footage: 2,343
- Days on Market: 6
Middletown
- 906 Mitchells Lane
- Sales Price: $745,000.00
- Type of Property: Raised Ranch
- Bedrooms: 3
- Bathrooms (FB/HB): 1/1
- Square Footage: 1,000
- Days on Market: 33
- 49 Bayview Parkway
- Sales Price: $180,400.00
- Type of Property: Manufactured/Mobile
- Bedrooms: 2
- Bathrooms (FB/HB): 2/0
- Square Footage: 924
- Days on Market: 31
- 28 Bayview Parkway
- Sales Price: $171,000.00
- Type of Property: Manufactured/Mobile
- Bedrooms: 2
- Bathrooms (FB/HB): 2/0
- Square Footage: 924
- Days on Market: 52
Newport
- 50 Ellery Road
- Sales Price: $1,100,000.00
- Type of Property: Cape Cod
- Bedrooms: 2
- Bathrooms (FB/HB): 1/1
- Square Footage: 1,443
- Days on Market: 67
- 7 Defenders Row
- Sales Price: $1,750,000.00
- Type of Property: Other
- Bedrooms: 2
- Bathrooms (FB/HB): 2/0
- Square Footage: 1,039
- Days on Market: 6
- 50 School Street, Unit #5
- Sales Price: $1,615,000.00
- Type of Property: One Level
- Bedrooms: 2
- Bathrooms (FB/HB): 2/1
- Square Footage: 1,627
- Days on Market: 85
- 9 Mariner Way, Unit #9
- Sales Price: $475,000.00
- Type of Property: Town House
- Bedrooms: 2
- Bathrooms (FB/HB): 1/1
- Square Footage: 1,184
- Days on Market: 0
- 70 Carroll Avenue, Unit #1210
- Sales Price: $352,000.00
- Type of Property: One Level
- Bedrooms: 1
- Bathrooms (FB/HB): 1/0
- Square Footage: 603
- Days on Market: 64
Portsmouth
- 17 Annette Drive
- Sales Price: $1,930,000.00
- Type of Property: Other
- Bedrooms: 5
- Bathrooms (FB/HB): 5/0
- Square Footage: 5,139
- Days on Market: 81
- 84 East Terrace
- Sales Price: $1,795,000.00
- Type of Property: Contemporary, Cottage
- Bedrooms: 4
- Bathrooms (FB/HB): 3/0
- Square Footage: 2,613
- Days on Market: 20
- 906 East Main Road
- Sales Price: $1,300,000.00
- Type of Property: Colonial, Cottage
- Bedrooms: 4
- Bathrooms (FB/HB): 2/0
- Square Footage: 2,624
- Days on Market: 139
- 25 Mary Lane
- Sales Price: $1,115,000.00
- Type of Property: Cape Cod
- Bedrooms: 4
- Bathrooms (FB/HB): 3/0
- Square Footage: 2,489
- Days on Market: 129
- 371 Freedom Trail Drive
- Sales Price: $799,900.00
- Type of Property: Colonial
- Bedrooms: 3
- Bathrooms (FB/HB): 2/1
- Square Footage: 1,828
- Days on Market: 53
Tiverton
- 374 Crandall Road
- Sales Price: $320,000.00
- Type of Property: Cape Cod
- Bedrooms: 4
- Bathrooms (FB/HB): 2/0
- Square Footage: 1,326
- Days on Market: 8
- 101 Lark Lane
- Sales Price: $257,500.00
- Type of Property: Manufactured/Mobile, Ranch
- Bedrooms: 2
- Bathrooms (FB/HB): 2/0
- Square Footage: 1,144
- Days on Market: 27
- 93 Topsail Drive
- Sales Price: $745,000.00
- Type of Property: Town House
- Bedrooms: 1
- Bathrooms (FB/HB): 2/0
- Square Footage: 1,660
- Days on Market: 19
