The spring real estate market is in full swing here in Rhode Island, and recently closed sales across Newport County illustrate continued buyer activity and strong demand. Last week 23 properties were sold across Jamestown, Little Compton, Middletown, Newport, Portsmouth, and Tiverton — ranging in price from $150,000 to $2.3 million and spanning a wide variety of property types and conditions.
This activity coincides with new data released by the Rhode Island Association of Realtors, which shows that while overall home sales fell 4% year-over-year in March, pricing has remained resilient due to continued supply constraints. The median sales price of single-family homes rose 9.1% compared to March 2024, now sitting at $480,000 statewide. Inventory, though improving, remains tight. The number of homes on the market increased 29.2% from a year ago — a welcome development — but it is still insufficient to meet buyer demand.
Single-family home transactions have slowed slightly, while the multifamily sector posted a 14.3% increase in closed sales and an 8.8% rise in median price, now $582,278 statewide. This reflects continued interest in income-producing property as both a hedge against inflation and a more accessible entry point for owner-occupants seeking supplemental income. Condominium sales increased modestly (3.2% year-over-year), but a sharp 21.6% decline in pending sales signals a likely dip in future closings.
In the face of elevated interest rates, higher borrowing costs, and consumer uncertainty, buyers are more deliberate. However, demand remains strong for properties that are priced appropriately and well-prepared for the market. This is especially true in desirable coastal communities like Newport County, where proximity to seasonal attractions continues to drive competition for homes.
With summer approaching, this is a critical window for potential sellers. I am advising my seller clients to complete any remaining pre-listing improvements over the next few weeks in order to enter the market strategically and with maximum impact. Thoughtful preparation and professional marketing continue to make the difference in securing strong outcomes.
If you’re evaluating your position in the market, whether as a homeowner, investor, or prospective seller, I’d be happy to discuss how recent activity may affect your property value and how to position your asset effectively in today’s climate.
To schedule a consultation or request an equity assessment, please feel free to contact me directly. TylerB@resultswithremax.com or 401-241-1851. Here’s a look at What Sold last week in Newport County.
Jamestown
151 Narragansett Avenue – $1,675,000
Cottage | 4 Bed | 2 Full, 1 Half Bath | 2,264 SqFt | 30 Days on Market
65 Helm Street – $775,000
Raised Ranch | 2 Bed | 2 Bath | 1,078 SqFt | 0 Days on Market
Little Compton
14 East View Drive – $825,000
Raised Ranch | 3 Bed | 3 Bath | 1,296 SqFt | 14 Days on Market
Middletown
213 Morrison Avenue – $2,300,000
Other | 4 Bed | 3 Full, 1 Half Bath | 3,507 SqFt | 424 Days on Market
34 Underwood Lane – $620,000
Split Level | 4 Bed | 2 Bath | 1,252 SqFt | 144 Days on Market
Newport
7 Coddington Wharf – $1,600,000
Contemporary, Cottage | 3 Bed | 2 Full, 1 Half Bath | 1,500 SqFt | 25 Days on Market
8 Anchor Way Unit #2 – $1,450,000
Townhouse Condo | 3 Bed | 2 Full, 1 Half Bath | 1,835 SqFt | 203 Days on Market
141 Narragansett Avenue Unit #1B – $1,000,000
One-Level Condo | 3 Bed | 3 Bath | 1,815 SqFt | 0 Days on Market
12 Mt Vernon Street Unit #4 – $744,200
One-Level Condo | 2 Bed | 1 Bath | 934 SqFt | 51 Days on Market
1202 Capella South – $561,000
One-Level Condo | 1 Bed | 1 Bath | 736 SqFt | 31 Days on Market
Portsmouth
2 Newport Harbor (B23) Drive – $1,400,000
Cottage | 4 Bed | 3 Full, 1 Half Bath | 3,108 SqFt | 251 Days on Market
24 Bristol Ferry Road – $764,500
Colonial, Historic | 3 Bed | 1 Full, 1 Half Bath | 2,077 SqFt | 0 Days on Market
1625 East Main Road – $650,000
Ranch | 3 Bed | 2 Bath | 1,536 SqFt | 83 Days on Market
Tiverton
1616 Main Road – $1,450,000
Historic Victorian | 6 Bed | 4 Bath | 3,622 SqFt | 25 Days on Market
61 Bouchard Lane – $955,000
Colonial | 3 Bed | 3 Full, 1 Half Bath | 2,350 SqFt | 184 Days on Market
377 Stone Church Road – $800,000
Cape Cod | 3 Bed | 2 Full, 1 Half Bath | 1,956 SqFt | 54 Days on Market
23 Teaberry Drive Lane – $760,000
Colonial | 3 Bed | 2 Full, 1 Half Bath | 2,128 SqFt | 34 Days on Market
17 Isabella Drive – $650,000
Ranch | 4 Bed | 2 Bath | 1,714 SqFt | 12 Days on Market
46 East Dion Avenue – $507,500
Ranch | 2 Bed | 1 Bath | 960 SqFt | 27 Days on Market
300 Hurst Lane – $479,900
Cape Cod | 3 Bed | 1 Bath | 1,185 SqFt | 60 Days on Market
31 Dewey Avenue – $424,000
Ranch | 3 Bed | 2 Full, 1 Half Bath | 1,022 SqFt | 17 Days on Market
29 William Street – $390,000
Cottage | 2 Bed | 2 Bath | 1,497 SqFt | 19 Days on Market
144 Corys Lane – $150,000
Ranch | 2 Bed | 1 Bath | 1,052 SqFt | 35 Days on Market
