While the market has felt steady and consistent over the past several weeks, the reality is that we simply do not have enough inventory to satisfy the number of buyers actively searching for homes. Whether it is first-time homebuyers, local families looking to upgrade, retirees seeking to downsize, or second-home purchasers drawn to the Ocean State, the buyer pool remains remarkably deep.
This lack of inventory continues to be the defining story of the 2026 market. Many homeowners are comfortable where they are, locked into historically favorable mortgage rates, and struggling to identify a logical next move unless a major life move predicates that decision. As a result, new listings are not coming to market at a pace that matches demand, creating continued competition whenever quality properties become available.
Last week’s sales reflected activity across a variety of price points, but the clear highlight was the sale of 14 Leroy Avenue in Newport, which traded for $5,525,000. This significant transaction demonstrates that even with the much-discussed Taylor Swift tax on the horizon, the luxury market continues to move. Well-positioned properties in desirable locations are still attracting qualified buyers willing to make substantial investments in Newport County real estate.
The upper end of the market will be closely watched over the coming months as the new tax structure takes effect, but for now, activity remains healthy and buyer interest remains strong.
As we move through the heart of the summer season, I expect inventory to gradually improve, open houses to remain active, and competition to persist for well-priced, move-in-ready homes.
For more information on these recent sales, questions about the local market, or to schedule a confidential consultation regarding your real estate goals, please reach out directly. You can reach me at 401-241-1851 or TylerB@resultswithremax.com. I am always happy to serve as a resource and help you navigate the opportunities available in today’s market.
Here’s a look at WHAT SOLD last week in Newport County.
181 Center Avenue, Middletown. Cottage.
Sold Price: $1,050,000
3 beds | 1 full bath | 1 half bath | 1,764 SF
14 Leroy Avenue, Newport. Historic.
Sold Price: $5,525,000
3 beds | 3 full baths | 1 half bath | 3,675 SF
16 Bridge Street, Newport. Colonial, Historic.
Sold Price: $1,850,000
3 beds | 3 full baths | 1 half bath | 2,290 SF
27 Parker Avenue, Newport. Colonial.
Sold Price: $1,655,000
3 beds | 1 full bath | 1 half bath | 1,752 SF
111 Harrison Avenue, Unit #A6, Newport. Dock Condominium.
Sold Price: $5,200,000
4 beds | 3 full baths | 2 half baths | 5,500 SF
15 Hammersmith Road, Unit #32, Newport. Town House Condo.
Sold Price: $1,200,000
2 beds | 2 full baths | 1 half bath | 1,565 SF
66 Girard Avenue, Unit #311, Newport. Town House Condo.
Sold Price: $370,000
2 beds | 1 full bath | 1 half bath | 1,134 SF
20 Summer Street, Newport. Apartment / Up-Down Multi-Family.
Sold Price: $1,650,000
8 beds | 4 baths | 3,500 SF
107 Dighton Avenue, Portsmouth. Contemporary.
Sold Price: $1,025,000
3 beds | 2 full baths | 1 half bath | 1,449 SF
23 West Passage Drive, Portsmouth. Colonial.
Sold Price: $875,000
3 beds | 2 full baths | 1 half bath | 2,088 SF
385 Park Avenue, Portsmouth. Ranch.
Sold Price: $769,000
2 beds | 1 full bath | 1 half bath | 894 SF
118 King Phillip Street, Portsmouth. Raised Ranch.
Sold Price: $640,000
3 beds | 2 baths | 1,028 SF
48 Rebels Way, Portsmouth. Town House Condo.
Sold Price: $795,000
2 beds | 2 baths | 1,876 SF
1449 Main Road, Tiverton. Other.
Sold Price: $475,000
1 bed | 2 baths | 2,184 SF
105 Forand Lane, Tiverton. Ranch.
Sold Price: $400,000
1 bed | 1 bath | 1,040 SF
