Is Newport, MN 55055 a buyer’s or seller’s market?
Newport is a buyer’s market. With about 6.4 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, 40% of homes in Newport, MN 55055 sold above their list price, the typical home went under contract in 15 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 46%, homes sold about as fast and the median sale price rose 29% to $551,028. Overall, Newport is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell faster than in 87% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Willernie 55090 (0% sold over asking) or Afton 55001 (0% sold over asking), while Saint Paul Park 55071 (60% sold over asking) and Saint Paul 55128 (43% sold over asking) are even more competitive.
Run the numbers for 55055
Nearby markets
Afton 55001Seller’s market $243 /sq ftBayport 55003Seller’s market $201 /sq ftCottage Grove 55016Seller’s market $202 /sq ftHugo 55038Seller’s market $201 /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 buyer’s market: there were 6.4 months of supply in Newport, MN 55055 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 15 days in the latest three months.
Do homes in Newport sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Newport?
About 0.99% of a home’s value a year in Washington County, or roughly $3,960 on a $400,000 home.
What is the median home price in Newport?
The median sale price was $551,028 in the three months ending August 31, 2026, about $245 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