Between March 24 and March 28, just 13 residential properties sold across Newport County, including homes in Middletown, Newport, Portsmouth, and Tiverton. These sales ranged from a $2.3 million home on Peckham Avenue in Middletown to a $390,000 condo in Newport.
Statewide, there were only 134 total trades published in the MLS during that same week. That number really puts things in perspective. Inventory remains incredibly limited, and as we enter what’s typically the busiest time of the year for real estate, buyers are feeling the pressure with historically low options.
Homes that are priced right and well-presented are moving quickly, often with multiple offers. For buyers, that means competition is steep. And with such limited opportunity, we’re not seeing any signs that prices will adjust anytime soon. Until more homes hit the market, this supply-and-demand imbalance is likely to continue.
It’s a challenging market, but not an impossible one. Whether you’re thinking about selling, actively looking to buy, or just want to better understand how current conditions might affect your next move, I’m always happy to be a resource.
For more information on these recent sales or insight into the local market, feel free to reach out.
Tyler Bernadyn, RE/MAX Results. Direct, 401-241-1851. Email, TylerB@resultswithremax.com.
Middletown
- 262 Peckham Avenue – $2,300,000
- Contemporary
- 3 Bedrooms | 3.5 Bathrooms
- 4,100 sq. ft.
- 48 Days on Market
- 14 Jean Terrace – $540,000
- Raised Ranch, Split Level
- 4 Bedrooms | 3 Bathrooms
- 1,547 sq. ft.
- 140 Days on Market
- 156 Bayridge Drive – $759,000
- One Level Condominium
- 2 Bedrooms | 2 Bathrooms
- 1,624 sq. ft.
- 32 Days on Market
Newport
- 19 Halsey Street – $1,000,000
- Colonial
- 4 Bedrooms | 2.5 Bathrooms
- 1,624 sq. ft.
- 0 Days on Market
- 48 Everett Street, Unit #E – $390,000
- Condominium (Other)
- 1 Bedroom | 1 Bathroom
- 899 sq. ft.
- 23 Days on Market
- 92 Warner Street – $1,055,250
- Multi-Family (Side/Side, Up/Down)
- 6 Bedrooms | 3 Bathrooms
- 2,568 sq. ft.
- 28 Days on Market
Portsmouth
- 27 Dianne Avenue – $875,000
- Colonial
- 3 Bedrooms | 2 Bathrooms
- 1,988 sq. ft.
- 5 Days on Market
- 325 Freedom Trail Drive – $725,000
- Ranch
- 3 Bedrooms | 2 Bathrooms
- 1,500 sq. ft.
- 42 Days on Market
- 561 Boyds Lane – $710,000
- Ranch
- 2 Bedrooms | 2 Bathrooms
- 1,740 sq. ft.
- 27 Days on Market
- 144 Union Street – $520,000
- Colonial
- 3 Bedrooms | 1.5 Bathrooms
- 1,684 sq. ft.
- 13 Days on Market
- 119 Belmont Drive – $680,000
- One Level Condominium
- 2 Bedrooms | 2.5 Bathrooms
- 2,058 sq. ft.
- 0 Days on Market
- 284 Rolling Hill Road – $645,000
- Town House Condominium
- 2 Bedrooms | 2.5 Bathrooms
- 2,023 sq. ft.
- 7 Days on Market
Tiverton
- 81 Hooper Street – $1,100,000
- Single Family
- 3 Bedrooms | 3.5 Bathrooms
- 3,305 sq. ft.
- 3 Days on Market
