The current real estate market in Newport County, and Rhode Island in general, is in a bit of a bind. With limited inventory and steady demand, home prices are staying high—and they’re likely to continue rising unless more homes are added to the market. Coastal communities like Newport, Middletown, and Portsmouth are especially impacted, with very little room left for new developments.
Here’s the reality: the housing market in these areas has been experiencing a serious supply and demand imbalance. While the median price of single-family homes in Rhode Island rose by 3.5% in February, it’s not just the luxury homes that are feeling the squeeze—properties in all price ranges are being affected by the lack of inventory. This makes it tough for buyers who are navigating a competitive environment, especially if they are trying to purchase in a desirable area. The housing crisis isn’t just a national issue; it’s hitting Rhode Island particularly hard, where the supply of homes is about half of what’s typical nationwide.
The simple truth is that if more homes aren’t added to the market soon, prices will continue to climb, and buyers will face even more challenges. Whether you’re a first-time buyer, looking to downsize, or just trying to find a home that fits your needs, the market is tough right now – there’s not denying that. Competition for homes remains high, and in areas like Newport County, this pressure will not change for the foreseeable future.
With spring around the corner, we typically see more listings hit the market. As homeowners who have built equity over the past few years decide it’s time to make a move, we could see some relief in terms of inventory. That being said, you need to be prepared for a competitive environment.
If you’re thinking about making a move in this market, the key is to have a strategy and a knowledgeable professional by your side to help you navigate these complexities. Whether you’re just starting to look or need help with understanding the best steps forward, I’m here to offer guidance and provide the support you need to achieve your goals.
For more insight on the local market or to discuss your next steps, feel free to reach out to me directly at TylerB@resultswithremax.com or 401-241-1851. Let’s work together to navigate this market and make sure you’re in the best position possible.
Saturday, 03/29/25 Open Houses
Middletown
12 Granada Terrace
Time: 10:30AM-12:00PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 1/1
Price: $650,000
MLS Number: 1380948
Middletown
267 Prospect Avenue
Time: 12:00PM-2:00PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 3/0
Price: $2,295,000
MLS Number: 1374882
Middletown
15 Lewis Drive
Time: 12:00PM-2:00PM
Property Type: Single Family
Bedrooms: 6
Bathrooms/Half Bathrooms: 6/1
Price: $3,485,000
MLS Number: 1377580
Newport
127 Eustis Avenue
Time: 11:00AM-1:00PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/0
Price: $1,449,000
MLS Number: 1379935
Newport
6 Gladding Court
Time: 12:00PM-2:00PM
Property Type: 2-4 Units Multi Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 4/0
Price: $1,425,000
MLS Number: 1380890
Newport
75 Mary Street
Time: 12:00PM-1:30PM
Property Type: Single Family
Bedrooms: 5
Bathrooms/Half Bathrooms: 3/1
Price: $1,742,500
MLS Number: 1378901
Newport
23 Mann Avenue #4
Time: 10:30AM-12:00PM
Property Type: Condominium
Bedrooms: 2
Bathrooms/Half Bathrooms: 2/0
Price: $765,000
MLS Number: 1380766
Newport
99 Second Street
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 4/1
Price: $2,495,000
MLS Number: 1377904
Portsmouth
18 Sunset Lane
Time: 11:30AM-1:00PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/1
Price: $1,639,000
MLS Number: 1380968
Portsmouth
57 Franklin Terrace
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/0
Price: $679,000
MLS Number: 1380960
Portsmouth
10 Beach Street
Time: 11:00AM-12:00PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/0
Price: $435,000
MLS Number: 1379878
Portsmouth
206 Immokolee Drive
Time: 11:30AM-1:00PM
Property Type: Single Family
Bedrooms: 5
Bathrooms/Half Bathrooms: 3/0
Price: $1,895,000
MLS Number: 1380614
Portsmouth
49 Immokolee Drive
Time: 10:30AM-12:00PM
Property Type: Condominium
Bedrooms: 2
Bathrooms/Half Bathrooms: 2/1
Price: $850,000
MLS Number: 1380538
Tiverton
91 Montgomery Street
Time: 10:00AM-11:30AM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/0
Price: $569,000
MLS Number: 1379892
Tiverton
59 Hilton Street
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/1
Price: $350,000
MLS Number: 1381001
Tiverton
4588 Main Road
Time: 2:00PM-3:00PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/1
Price: $675,000
MLS Number: 1380757
Tiverton
35 Hambly Road
Time: 11:00AM-1:00PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 1/0
Price: $465,000
MLS Number: 1380752
Tiverton
56 Wood Avenue
Time: 12:00PM-1:30PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 1/0
Price: $440,000
MLS Number: 1380378
Tiverton
39 Hilton Street
Time: 11:30AM-1:00PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/0
Price: $320,000
MLS Number: 1379201
Sunday, 03/30/25 Open Houses
Jamestown
85 Frigate Street
Time: 12:00PM-1:30PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 2/1
Price: $995,000
MLS Number: 1378718
Middletown
12 Granada Terrace
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 1/1
Price: $650,000
MLS Number: 1380948
Middletown
704 Fairway Drive
Time: 12:00PM-2:00PM
Property Type: Condominium
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/1
Price: $569,000
MLS Number: 1379487
Newport
6 Gladding Court
Time: 12:00PM-2:00PM
Property Type: 2-4 Units Multi Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 4/0
Price: $1,425,000
MLS Number: 1380890
Portsmouth
18 Sunset Lane
Time: 12:00PM-1:30PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/1
Price: $1,639,000
MLS Number: 1380968
Portsmouth
54 Stony Brook Lane
Time: 12:00PM-2:00PM
Property Type: Condominium
Bedrooms: 3
Bathrooms/Half Bathrooms: 3/1
Price: $949,000
MLS Number: 1380744
Portsmouth
57 Franklin Terrace
Time: 2:00PM-3:30PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/0
Price: $679,000
MLS Number: 1380960
Portsmouth
87 Dianne Avenue
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 4
Bathrooms/Half Bathrooms: 3/0
Price: $1,075,000
MLS Number: 1376507
Portsmouth
47 Point Road
Time: 1:00PM-3:00PM
Property Type: Single Family
Bedrooms: 3
Bathrooms/Half Bathrooms: 2/0
Price: $1,100,000
MLS Number: 1380518
Portsmouth
10 Beach Street
Time: 11:00AM-12:00PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/0
Price: $435,000
MLS Number: 1379878
Portsmouth
49 Immokolee Drive
Time: 11:00AM-12:30PM
Property Type: Condominium
Bedrooms: 2
Bathrooms/Half Bathrooms: 2/1
Price: $850,000
MLS Number: 1380538Tiverton
59 Hilton Street
Time: 11:00AM-12:30PM
Property Type: Single Family
Bedrooms: 2
Bathrooms/Half Bathrooms: 1/1
Price: $350,000
MLS Number: 1381001
