Is Newport, NJ 08345 a buyer’s or seller’s market?
Newport is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Newport housing market right now
In the three months ending August 31, 2026, 33% of homes in Newport, NJ 08345 sold above their list price, the typical home went under contract in 10 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (135 days then) and the median sale price fell 9% to $264,885. Overall, Newport is more competitive than a year ago, so tougher for buyers.
Within Cumberland County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Rosenhayn 08352 (0% sold over asking) or Heislerville 08324 (0% sold over asking), while Milmay 08340 (100% sold over asking) and Shiloh 08353 (100% sold over asking) are even more competitive.
Run the numbers for 08345
Nearby markets
Bridgeton 08302Balanced $181 /sq ftCedarville 08311Buyer’s market $137 /sq ftDelmont 08314 — /sq ftDorchester 08316Seller’s market $215 /sq ft Browse all markets →Where Newport is
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Questions about Newport real estate
Is Newport a buyer’s or seller’s market?
A buyer’s market: there were 13.9 months of supply in Newport, NJ 08345 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 10 days in the latest three months.
Do homes in Newport sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 101.1% of the list price.
What are property taxes in Newport?
About 2.51% of a home’s value a year in Cumberland County, where towns range from 2.16% to 3.63%, or roughly $10,044 on a $400,000 home.
What is the median home price in Newport?
The median sale price was $264,885 in the three months ending August 31, 2026, about $234 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