Is Newport, ME 04953 a buyer’s or seller’s market?
Newport is a seller’s market. With about 3.5 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Newport housing market right now
In the three months ending August 31, 2026, 30% of homes in Newport, ME 04953 sold above their list price, the typical home went under contract in 24 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (29% then), homes sold faster (56 days then) and the median sale price fell 3% to $265,385. Overall, Newport is more competitive than a year ago, so tougher for buyers.
Within Penobscot County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 72%.
Nearby, buyers who want less competition could look at Garland 04939 (0% sold over asking) or Dixmont 04932 (0% sold over asking), while Exeter 04435 (100% sold over asking) and Etna 04434 (67% sold over asking) are even more competitive.
Run the numbers for 04953
Nearby markets
Bangor 04401Seller’s market $198 /sq ftBradford 04410Balanced $163 /sq ftBradley 04411Balanced $152 /sq ftBrewer 04412Seller’s market $194 /sq ft Browse all markets →Towns like Newport nearby
Find towns like Newport in other states →Where Newport is
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Questions about Newport real estate
Is Newport a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Newport, ME 04953 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newport?
The typical home went under contract in 24 days in the latest three months.
Do homes in Newport sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Newport?
About 1.16% of a home’s value a year in Penobscot County, or roughly $4,640 on a $400,000 home.
What is the median home price in Newport?
The median sale price was $265,385 in the three months ending August 31, 2026, about $182 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology