Newport News, VA Foreclosures
How much do homes sell for in Newport News, VA?
The average home price is currently $383,536.
In Newport News, VA, how many homes are available?
There are currently 16 active home listings available in Newport News.
What’s the average rental cost in Newport News, VA?
The average rental price in Newport News is $1,453.
What is the most expensive home in Newport News?
The most expensive home sold in Newport News had a price of $117,053,856.
What is currently the cheapest priced home in Newport News, VA?
The cheapest home for sale in Newport News is priced at $10,023.
Living in Newport News, VA
Newport News, VA is a bustling city known for its historical significance and modern amenities. With beautiful parks, a variety of shopping and dining options, and a strong focus on education, it offers a desirable environment for families and young professionals alike. Outdoor enthusiasts will appreciate the nearby recreational opportunities along the waterfront and in many parks.
Current Market Conditions in Newport News, VA
The real estate market in Newport News shows steady growth, driven by an increase in demand for both single-family homes and townhouses. Currently, the area is experiencing a balanced market with homes being sold at reasonable prices and inventory levels stabilizing. As the local economy stands strong, professionals and families continue to seek residence in the city, leading to consistent demand for quality housing.
With an increase in new construction projects and developments, buyers can expect a diversity of options, from modern townhomes to classic single-family residences. Overall, the market is healthy, catering to different buyer segments, including first-time homeowners, military personnel due to nearby bases, and retirees. The upward trend in home values indicates a favorable environment for investment.
Home Value Estimator For Newport News, VA
There are currently 49,390 real estate properties
in Newport News, VA,
with a median automated valuation model (AVM) price
of $294,493.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Newport News, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Newport News, VA,
is $383,536.00, with the most expensive house
in Newport News, VA, topping out
at $117,053,856.00 and the cheapest home
in Newport News, VA,
clocking in at $10,023.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newport News, VA!
Rent Prices
In Newport News, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newport News, VA, is on
a rollercoaster ride. The
average rent price in Newport News, VA,
is $1,453.00. Indeed, when looking to rent in
Newport News, VA, you can expect to pay as little
as $620.00 or as much
as $5,140.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Newport News, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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