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Is Newport, NY 13416 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Newport is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.9%Sold price ÷ list price
Median days on market120Listing to accepted offer
Median price per sq ft$80▼ −42.0% vs. last year

The Newport housing market right now

In the three months ending August 31, 2026, 0% of homes in Newport, NY 13416 sold above their list price, the typical home went under contract in 120 days and there were 8.5 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 fell from 38%, homes sold more slowly (18 days then) and the median sale price fell 44% to $148,336. Overall, Newport is less competitive than a year ago, which gives buyers more room.

Within Herkimer County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Jordanville 13361 (67% sold over asking) and Frankfort 13340 (44% sold over asking) are even more competitive.

Run the numbers for 13416

Prefilled for 13416Can I win this house?Multiple-offer likelihood for a listing Prefilled for 13416Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clayville 13322Seller’s market $141 /sq ftCold Brook 13324Balanced $159 /sq ftEagle Bay 13331 — /sq ftForestport 13338Buyer’s market $167 /sq ft Browse all markets →

Towns like Newport nearby

Find towns like Newport in other states →
West Winfield, NY13491 · 23 miles away84% similarcheaper homes ($34K less) Oriskany Falls, NY13425 · 29 miles away82% similarcheaper homes ($25K less) · more apartments and townhomes Munnsville, NY13409 · 33 miles away82% similarcheaper homes ($48K less) · 6 min shorter commute Fultonville, NY12072 · 37 miles away82% similaryounger residents · newer homes

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 8.5 months of supply in Newport, NY 13416 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 120 days in the latest three months.

Do homes in Newport sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.

What are property taxes in Newport?

About 2.10% of a home’s value a year in Herkimer County, or roughly $8,400 on a $400,000 home.

What is the median home price in Newport?

The median sale price was $148,336 in the three months ending August 31, 2026, about $80 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