The housing market across Aquidneck Island and greater Newport County remains active, even as we begin to see subtle signs of a shift from a strong seller’s market toward a more balanced, neutral playing field. According to data sourced from the Rhode Island MLS, 17 properties changed hands last week, indicating steady demand despite evolving market dynamics.
Among the most notable recent transactions was a $3.3 million condominium sale at The Waves on Ledge Road, a sign that the high-end segment of the market continues to move when properties are positioned effectively. While luxury buyers are still active, it’s clear that homes priced too ambitiously, especially those without updates or standout features, are beginning to experience longer days on market and price reductions.
Overall, Newport County’s median home price has risen over the past year, with data from multiple sources showing year-over-year increases of over 4%, and in some cases more than 5%. Despite this growth, the pace of sales has slightly cooled, and inventory has ticked up, particularly over the past month. In many cases, well-prepared homes that are priced appropriately are still generating strong interest and offers within the first few weeks on market. Buyers remain engaged, especially when properties reflect current market value and offer move-in ready appeal.
On the other hand, properties priced at the peak of their range without justification are sitting longer and may need to reposition to attract new attention. This is especially true for homes in the $800,000 to $1.2 million range, where buyer expectations are highest and selection is beginning to broaden.
For both buyers and sellers, working with a local real estate professional remains one of the most effective ways to navigate the nuances of this evolving market. With inventory levels shifting and pricing trends varying neighborhood to neighborhood, local insight is key. Whether you’re preparing to list your home or looking for the right opportunity to buy on Aquidneck Island, understanding today’s landscape will help ensure you make smart, strategic decisions. For more information on these recent sales or to set up a consultation, please contact me directly at 401-241-1851 or TylerB@resultswithremax.com
The market is still moving, and with the right strategy, there’s plenty of opportunity, regardless of which side of the table you’re on. Here’s a look at What Sold last week in our area.
Jamestown
85 Frigate Street — $1,000,000
2 bedrooms, 2 full bathrooms / 1 half bathroom, 1,512 sq. ft.
Contemporary. 34 days on market.
400 Schooner Avenue — $515,000
3 bedrooms, 1 full bathroom / 0 half bathrooms, 1,320 sq. ft.
Cottage. 34 days on market.
Little Compton
22 Pond View Drive — $1,550,000
4 bedrooms, 2 full bathrooms / 1 half bathroom, 2,754 sq. ft.
Ranch. 18 days on market.
Middletown
433 Wolcott Avenue — $1,645,000
3 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,865 sq. ft.
Cape Cod. 47 days on market.
Newport
45 Burnside Avenue — $875,000
3 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,503 sq. ft.
Colonial, Cottage. 27 days on market.
57 Ledge Road, Unit #2 — $3,300,000
2 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,781 sq. ft.
Other, Town House. 4 days on market.
78 Rhode Island Avenue, Unit #5 — $1,500,000
2 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,680 sq. ft.
Other. 68 days on market.
421 Bellevue Avenue, Unit #2A — $900,000
2 bedrooms, 2 full bathrooms / 1 half bathroom, 1,439 sq. ft.
Town House. 33 days on market.
75 Pelham Street, Unit #A — $600,000
1 bedroom, 1 full bathroom / 0 half bathrooms, 828 sq. ft.
One Level. 55 days on market.
Portsmouth
181 Prospect Farm Road — $2,875,000
4 bedrooms, 5 full bathrooms / 2 half bathrooms, 5,040 sq. ft.
Colonial. 53 days on market.
68 John Oldham Road — $1,100,000
3 bedrooms, 3 full bathrooms / 1 half bathroom, 1,896 sq. ft.
Colonial. 1 day on market.
26 Cherokee Drive — $745,000
4 bedrooms, 2 full bathrooms / 1 half bathroom, 1,482 sq. ft.
Raised Ranch. 3 days on market.
2 North Drive — $205,000
2 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,217 sq. ft.
Manufactured/Mobile. 27 days on market.
62 Ferry Landing Circle — $949,000
2 bedrooms, 3 full bathrooms / 1 half bathroom, 2,561 sq. ft.
Town House. 62 days on market.
Tiverton
436 Crandall Road — $550,000
3 bedrooms, 2 full bathrooms / 0 half bathrooms, 1,660 sq. ft.
Ranch. 72 days on market.
133 Warren Avenue — $445,000
3 bedrooms, 1 full bathroom / 0 half bathrooms, 1,382 sq. ft.
Ranch. 6 days on market.119 Evergreen Avenue — $415,000
3 bedrooms, 1 full bathroom / 0 half bathrooms, 884 sq. ft.
Ranch. 12 days on market.