Market report, updated

The Point Home Values and Market Report

Search in the subdivision of The Point

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Report prepared by Burkecthomes.com Coldwell Banker Realty

Market at a glance

Over the last 12 months, homes sold for 98.0% of list price in 65 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $1.2M Sold · $1.2M
$3.3M$2.5M$1.7M$900K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 4 sales in Nov. Last month: 1.

Where the market stands

All homes in this report, by status.

33homes
Active10 · 30%
Under contract1 · 3%
Sold (12 mo)22 · 67%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$1.97M
Under contract$1.43M
Sold$1.72M

Average days on market

Active67 days
Under contract60 days
Sold65 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 10
Average list price $1,972,600
Avg. days on market 67 days
Avg. price per ft² $877 Based on 7 of 10 homes
Avg. living area 2,433 ft² Based on 7 of 10 homes
Avg. beds / baths 4.6 / 4.3

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

3 homes didn’t report living area and aren’t shown.

$6M$4M$2M$0

Price vs. living area: 7 homes plotted, up to $6M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 7 homes in this status.

41 Elm Street$1,244
21 Elm Street$1,017
81 2nd Street$1,007
19 Third Street 1/2$885
59 Washington Street$775
19 Third Street$715
12 Poplar Street$498

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
27 Elm StreetNewport, RI 02840 83—$2,600,000—5 days
59 Washington StreetNewport, RI 02840 684,500$3,490,000$77515 days
21 Elm StreetNewport, RI 02840 421,469$1,495,000$1,01735 days
81 2nd StreetNewport, RI 02840 452,676$2,695,000$1,00748 days
19 Third StreetNewport, RI 02840 221,396$999,000$71551 days
19 Third Street 1/2Newport, RI 02840 221,015$899,000$88560 days
12 Poplar StreetNewport, RI 02840 67—$1,999,000—79 days
12 Poplar StreetNewport, RI 02840 674,012$1,999,000$49879 days
41 Elm StreetNewport, RI 02840 331,968$2,450,000$1,24486 days
Second StreetNewport, RI 02840 ———$1,100,000—216 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

Burkecthomes.com Coldwell Banker Realty

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated:

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.