Twenty-four properties changed hands across Newport County last week, closing out the month of July with a strong finish. Historically, the end of each month brings an uptick in recorded sales and July was no exception. Buyers often aim to settle before the start of a new month, while agents, lenders, and attorneys work diligently to get transactions across the finish line. If you’ve ever spoken with a closing attorney on the last Friday of the month, you know it’s one of the busiest days on their calendar…
The week was highlighted by the $7,775,000 sale of 8 Taylor’s Lane North in Little Compton, another reminder that the luxury market across Newport County continues to perform well when exceptional waterfront properties are brought to market. Even with new considerations like the Taylor Swift Tax, we haven’t seen too much immediate impact in the higher price points.
On a personal note, two of last week’s closings were especially meaningful to me.
The first was 20 Mumford Avenue in Newport. I remember when my friend purchased this home in 2021 after moving back to Rhode Island from Colorado. At the time, he was a single guy looking for a place to call home and purchased a 636 sq/ft cottage off Broadway. Over the past few years, life happened. His family grew, the home grew with it through a thoughtfully designed second-story addition, and what started as a first home became the backdrop for an entirely new chapter. Now, that same family has outgrown the space and moved into a home that better fits where they are today. That’s what real estate is really about and I am especially grateful for this sale.
The second was 19 & 19½ Third Street in Newport’s Point neighborhood. Known as the Baxter and Gladding Houses, these historic cottages have been cared for by a wonderful local family who built a life and started their family there. Representing the sale of such a special property was an honor, and I couldn’t be happier for them as they begin their next Newport chapter.
Working with friends is something I never take for granted. The trust that’s placed in me during such important moments carries a tremendous amount of responsibility and it’s something I value deeply. Congratulations to everyone involved in these transactions!
From a market standpoint, we continue to settle into a slightly more balanced rhythm. The median sales price for single-family homes in Newport County remains elevated, hovering around the $835,000 mark according to InfoSparks statistics on the Rhode Island MLS, while inventory has improved modestly compared to earlier this year. That increase in supply has given buyers more choices but we’re still well below what economists and real estate professionals would consider a balanced level of inventory.
We’re also seeing buyer behavior evolve. Consumers remain active, but they’re increasingly value conscious. Homes that are move-in ready, thoughtfully updated, and priced in line with today’s market continue to attract strong interest. Meanwhile, properties that require significant renovation or enter the market with aspirational pricing are spending more time on the market and seeing more frequent price adjustments. People are work averse. They are paying higher prices, higher premiums for insurance, and higher interest rates. As a result, their budget and appetite for projects are much different than they were in the past.
In many ways, the market is rewarding preparation over speculation. Sellers who invest in presentation and pricing are finding success. Buyers have become more patient and more analytical, taking the time to compare opportunities before making a decision.
As we enter the first week of August, my team and I are actively welcoming new clients who are considering a late summer or fall 2026 move. If you’re thinking about buying your first home, selling a longtime residence, investing, or simply exploring your options, I’d welcome the opportunity to sit down and provide the information you need to make the best decision for you and your family. You can reach me directly at 401-241-1851 or TylerB@resultswithremax.com.
Confidential consultations are always complimentary, and my goal is to provide honest advice, local market expertise, and a strategy tailored to your goals. If you’d like more information on these recent sales or would like to schedule a consultation, please don’t hesitate to reach out.
Here’s a look at WHAT SOLD last week in our local community.
Jamestown
109 Umiak Avenue, Jamestown. Contemporary, Cottage.
Sold Price: $1,100,000
2 beds | 2 full baths | 1 half bath | 2,368 SF
Little Compton
8 Taylor’s Lane North, Little Compton. Historic.
Sold Price: $7,775,000
5 beds | 2 full baths | 1 half bath | 2,689 SF
Middletown
47 Kane Avenue, Middletown. Cape Cod.
Sold Price: $3,250,000
4 beds | 3 full baths | 1 half bath | 2,772 SF
20 Namquid Drive, Middletown. Raised Ranch.
Sold Price: $555,000
3 beds | 1 full bath | 1 half bath | 1,012 SF
Newport
30 Thames Street, Newport. Colonial, Historic.
Sold Price: $2,250,000
4 beds | 2 full baths | 1 half bath | 2,180 SF
20 Mumford Avenue, Newport. Cape Cod, Cottage.
Sold Price: $935,250
2 beds | 2 baths | 1,272 SF
24 Anthony Street, Newport. Cottage.
Sold Price: $860,000
2 beds | 1 full bath | 1 half bath | 1,139 SF
8 Everett Street, Unit #2, Newport. One Level Condo.
Sold Price: $584,900
2 beds | 1 bath | 1,126 SF
401 Bellevue Avenue, Unit #308, Newport. One Level Condo.
Sold Price: $575,000
2 beds | 1 bath | 1,003 SF
19 & 19½ Third Street, Newport. Side/Side Multi-Family.
Sold Price: $1,350,000
4 beds | 2 full baths | 2 half baths | 2,302 SF
2 Bedlow Avenue, Newport. Apartment Multi-Family.
Sold Price: $969,000
4 beds | 2 baths | 2,016 SF
Portsmouth
106 Cedar Avenue, Portsmouth. Colonial, Contemporary.
Sold Price: $720,000
3 beds | 2 baths | 1,973 SF
194 Rebels Way, Portsmouth. One Level Condo.
Sold Price: $975,000
2 beds | 3 full baths | 1 half bath | 1,876 SF
Tiverton
435 Cottrell Road, Tiverton. Colonial.
Sold Price: $835,000
3 beds | 3 full baths | 1 half bath | 2,095 SF
219 Pelletier Lane, Tiverton. Log Home, Ranch.
Sold Price: $545,000
3 beds | 2 baths | 1,664 SF
116 Louise Drive, Tiverton. Ranch.
Sold Price: $520,000
3 beds | 2 baths | 1,056 SF
2353 Main Road, Tiverton. Cottage.
Sold Price: $505,000
1 bed | 1 bath | 720 SF
65 Lark Lane, Tiverton. Manufactured/Mobile, Ranch.
Sold Price: $330,000
3 beds | 2 baths | 1,469 SF
3 Blackbird Street, Tiverton. Manufactured/Mobile.
Sold Price: $320,000
2 beds | 2 baths | 1,404 SF
48 Songbird Lane, Tiverton. Modular.
Sold Price: $214,000
2 beds | 2 baths | 960 SF
301 Bulgarmarsh Road, Lot F13, Tiverton. Manufactured/Mobile.
Sold Price: $165,000
2 beds | 1 bath | 924 SF
71 Starboard Drive, Unit #360, Tiverton. Condominium.
Sold Price: $830,000
2 beds | 2 baths | 1,527 SF
447 Stafford Road, Unit #A1, Tiverton. Town House Condo.
Sold Price: $310,000
1 bed | 1 full bath | 1 half bath | 1,073 SF
51 State Avenue, Tiverton. Up/Down Multi-Family.
Sold Price: $495,000
9 beds | 3 baths | 3,361 SF
