Is Newport, VA 24128 a buyer’s or seller’s market?
Newport is a seller’s market. With about 0.8 months of supply and 25% 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, 25% of homes in Newport, VA 24128 sold above their list price, the typical home went under contract in 20 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 (132 days then) and the median sale price fell 57% to $288,875. Overall, Newport is more competitive than a year ago, so tougher for buyers.
Within Giles County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Ripplemead 24150 (0% sold over asking) or Rich Creek 24147 (0% sold over asking), while Staffordsville 24167 (100% sold over asking) and Pembroke 24136 (30% sold over asking) are even more competitive.
Run the numbers for 24128
Nearby markets
Eggleston 24086 — /sq ftNarrows 24124Seller’s market $158 /sq ftPearisburg 24134Seller’s market $152 /sq ftPembroke 24136Balanced $143 /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 0.8 months of supply in Newport, VA 24128 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 20 days in the latest three months.
Do homes in Newport sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Newport?
About 0.61% of a home’s value a year in Giles County, or roughly $2,440 on a $400,000 home.
What is the median home price in Newport?
The median sale price was $288,875 in the three months ending August 31, 2026, about $202 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