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Newport, RI 02840 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Newport, RI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 4040PendingPending sales: 11
Newport, RI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $1.5M$1.5MSoldMedian sold price (last 6 months): $988k$988k
What homes actually sell for in Newport, RI
Distribution of 182 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $730k to $1.64M
$480k to $845k: 52 sales52sales$480k$845k to $1.21M: 50 sales$1.21M to $1.58M: 23 sales$1.21M$1.58M to $1.94M: 17 sales$1.94M to $2.31M: 9 sales$1.94M$2.31M to $2.67M: 3 sales$2.67M to $3.04M: 4 sales$2.67M$3.04M to $3.4M: 5 salesMedian $988k

What the numbers say

As of October 5, 2026, Resideline is tracking 40 active listings and 1 pending sales in ZIP code 02840. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $1,497,000, while the median of the 182 closed sales Resideline tracked over the last six months was $988,200. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 02840 for 86 days.

Frequently asked questions

What is the median home price in 02840?

The median closed sale price in Newport, RI 02840 was $988,200 over the last six months, based on 182 closed sales tracked by Resideline. The middle half of those sales ranged from $730,000 to $1,639,000.

Is 02840 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 40 active listings in 02840, a pending-to-active ratio of 0.03. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 02840 currently looks like a balanced market.

Nearby ZIP code market data

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