Newport, OR Foreclosures
How much do homes sell for in Newport, OR?
The average home price is currently $495,675.
In Newport, OR, how many homes are available?
There are currently 1 active home listings available in Newport.
What’s the average rental cost in Newport, OR?
The average rental price in Newport is $1,245.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $5,276,251.
What is currently the cheapest priced home in Newport, OR?
The cheapest home for sale in Newport is priced at $19,332.
Living in Newport, OR
Newport, Oregon, is a beautiful coastal city with a rich maritime culture and stunning ocean views. It offers outdoor activities, a vibrant art scene, and excellent educational institutions. With its friendly community and beautiful natural surroundings, Newport is an ideal destination for both residents and visitors alike.
Current Market Conditions in Newport, OR
The real estate market in Newport, OR is currently experiencing moderate activity with steady demand for homes, driven by both local residents and out-of-state buyers seeking a coastal retreat. Inventory levels remain tight, resulting in competitive bidding situations for well-priced homes. The market is characterized by a mix of single-family homes, condos, and vacation properties, appealing to a diverse range of buyers.
As one of the more desirable coastal communities, Newport continues to see growing interest due to its lifestyle offerings, job opportunities in tourism and marine activities, and an expanding amenities landscape. This influx of interest has contributed to steady price growth over the past year, making it a great opportunity for investment.
Home Value Estimator For Newport, OR
There are currently 5,163 real estate properties
in Newport, OR,
with a median automated valuation model (AVM) price
of $441,100.00. 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, OR, 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, OR,
is $495,675.00, with the most expensive house
in Newport, OR, topping out
at $5,276,251.00 and the cheapest home
in Newport, OR,
clocking in at $19,332.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newport, OR!
Rent Prices
In Newport, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newport, OR, is on
a rollercoaster ride. The
average rent price in Newport, OR,
is $1,245.00. Indeed, when looking to rent in
Newport, OR, you can expect to pay as little
as $530.00 or as much
as $2,400.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Newport, OR
-- 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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