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NEWPORT, RI 02840

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NEWPORT, RI real estate market (02840) currently shows 76 active listings, with 27 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 39 days on market compared to 68 days last year.

The median listing price has fallen 11.7% year-over-year, from $1,385,000 to $1,222,500.

Whether you are buying or selling in NEWPORT, RI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 23,847  ·  Density: 1,265.1/mi²  ·  Median household income: $81,307

Typical home value: $623,214  ·  Homeownership: 47.5%

Market Overview

Active Listings
76
⇧ 8.6% vs 70 last year
Pending
27
36% pending ratio
Median Price
$1,222,500
⇩ 11.7% vs $1,385,000 last year
Average Price
$2,133,402
⇩ 18.5% vs $2,619,266 last year
Days on Market
39
⇩ 42.6% vs 68 days last year

Price Per Square Foot

Median $/sqft
$731
⇩ 2.3% vs $748/sqft last year
Median Home Size
1,608 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 76 this year vs 70 last year
  • Days on market: 39 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $1,222,500 (-11.7% YoY)
  • Average: $2,133,402 (-18.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.7 miles — 355 listings ($558,984,471 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02840Newport, RI 028400.0 mi67$180,657,527$1,475,000$2,696,381
02835Jamestown, RI 028353.9 mi22$71,693,138$1,745,000$3,258,779
02874Saunderstown, RI 028748.2 mi15$36,882,000$1,559,500$2,458,800
02882Narragansett, RI 028828.5 mi43$88,869,476$1,250,000$2,066,732
02852North Kingstown, RI 0285210.5 mi51$69,837,309$749,900$1,369,359
02878Tiverton, RI 0287811.8 mi49$53,032,847$732,000$1,082,303
02809Bristol, RI 0280914.4 mi28$20,901,076$574,500$746,467
02892West Kingston, RI 0289214.7 mi9$4,499,460$499,900$499,940
02724Fall River, MA 0272415.9 mi11$5,659,841$519,950$514,531
02721Fall River, MA 0272116.2 mi35$14,417,480$415,000$411,928
02822Exeter, RI 0282217.3 mi8$4,826,400$659,900$603,300
02725Somerset, MA 0272517.6 mi6$3,449,520$599,900$574,920
02723Fall River, MA 0272317.7 mi11$4,258,397$377,000$387,127

Frequently Asked Questions

How many homes are for sale in NEWPORT, RI 02840?

As of February 2026, there are 76 active listings in NEWPORT, RI (zip code 02840), compared to 70 the prior year.

What is the median home price in NEWPORT, RI 02840?

The median listing price in NEWPORT, RI 02840 is $1,222,500 as of February 2026, a 11.7% decrease from $1,385,000 the prior year.

How long do homes stay on the market in NEWPORT, RI?

Homes in NEWPORT, RI 02840 spend an average of 39 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in NEWPORT, RI 02840?

Based on current inventory and days-on-market data as of February 2026, NEWPORT, RI 02840 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 39 days on market compared to 68 days last year.

How much can I save on real estate commission in NEWPORT, RI?

With SELL123.com's maximum 3% commission, sellers in NEWPORT, RI 02840 save an estimated $24,450 compared to a typical 5% commission on the median listing price of $1,222,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.