Newport, NJ Foreclosures
How much do homes sell for in Newport, NJ?
The average home price is currently $232,961.
In Newport, NJ, how many homes are available?
There are currently 6 active home listings available in Newport.
What’s the average rental cost in Newport, NJ?
The average rental price in Newport is $1,711.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $920,721.
What is currently the cheapest priced home in Newport, NJ?
The cheapest home for sale in Newport is priced at $10,616.
Living in Newport, NJ
Newport, NJ is a dynamic waterfront community that offers a blend of modern living and scenic views, making it ideal for families and professionals. With plenty of amenities, parks, and excellent public transport options, Newport provides a vibrant lifestyle close to the bustling atmosphere of New York City.
Current Market Conditions in Newport, NJ
The current real estate market in Newport, NJ, is characterized by high demand and limited inventory, leading to increased property prices. As a sought-after area near New York City, properties here are attracting both buyers and investors, particularly in the condominium and multi-family housing markets.
As the neighborhood continues to develop, market trends show an upward trajectory with a percentage increase in sales over the past year, suggesting a strong interest in this location for potential homeowners and investors alike.
Home Value Estimator For Newport, NJ
There are currently 569 real estate properties
in Newport, NJ,
with a median automated valuation model (AVM) price
of $228,477.00. 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, NJ, 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, NJ,
is $232,961.00, with the most expensive house
in Newport, NJ, topping out
at $920,721.00 and the cheapest home
in Newport, NJ,
clocking in at $10,616.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newport, NJ!
Rent Prices
In Newport, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newport, NJ, is on
a rollercoaster ride. The
average rent price in Newport, NJ,
is $1,711.00. Indeed, when looking to rent in
Newport, NJ, you can expect to pay as little
as $980.00 or as much
as $3,300.00,
with the average rent median estimated to
be $1,490.00. The good news is that finding
an affordable and desirable property to rent in Newport, NJ
-- 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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