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Newport, RI 02840 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Newport, RI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 4343PendingPending sales: 44
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): $1.55M$1.55MSoldMedian sold price (last 6 months): $1M$1M
What homes actually sell for in Newport, RI
Distribution of 165 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $735k to $1.66M
$490k to $854k: 48 sales48sales$490k$854k to $1.22M: 39 sales$1.22M to $1.58M: 23 sales$1.22M$1.58M to $1.94M: 17 sales$1.94M to $2.31M: 8 sales$1.94M$2.31M to $2.67M: 3 sales$2.67M to $3.04M: 5 sales$2.67M$3.04M to $3.4M: 5 salesMedian $1M

What the numbers say

As of October 26, 2026, Resideline is tracking 43 active listings and 4 pending sales in ZIP code 02840. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $1,550,000, while the median of the 165 closed sales Resideline tracked over the last six months was $1,000,000. 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 81 days.

Frequently asked questions

What is the median home price in 02840?

The median closed sale price in Newport, RI 02840 was $1,000,000 over the last six months, based on 165 closed sales tracked by Resideline. The middle half of those sales ranged from $735,000 to $1,655,000.

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

Resideline is currently tracking 4 pending sales against 43 active listings in 02840, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 02840 is currently a typical-pace market.

Nearby ZIP code market data

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