Is Newport, RI 02840 a buyer’s or seller’s market?

The Newport housing market right now

In the three months ending August 31, 2026, 20% of homes in Newport, RI 02840 sold above their list price, the typical home went under contract in 46 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (37 days then) and the median sale price rose 7% to $1,018,059. Overall, Newport is more competitive than a year ago, so tougher for buyers.

Within Newport County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Newport ranks #49 of 52 RI ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Prudence Island 02872 (0% sold over asking) or Little Compton 02837 (9% sold over asking), while Tiverton 02878 (39% sold over asking) and Portsmouth 02871 (27% sold over asking) are even more competitive.