Newport Housing Market Report February 2025•Monroe County, Michigan

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Housing Prices in Newport, MI

How much do homes in Newport, MI cost?

Housing Market Conditions

Is Newport, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Newport is a Neutral Market

Difference Since February 2024

At the same time last year, Newport was a Buyer's Market.

Insight

Newport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$308,495$161/SqFt
+$76,045
+32.7%

Based on all homes sold in the last 12 months

Insight

Homes in Newport have sold for 32.7% more than they did a year ago.

Summary: The median home sold price in Newport was $308,495 in February 2025, up 32.7% from last year, and the median price per square foot was $161.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Newport
+32.7%
Frenchtown Township
+7.7%
Berlin Charter Township
+6.0%
Ash Township
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$84.5K$152.5K
+80.5%
3$244.9K$262.5K
+7.2%
4$310K$344.9K
+11.3%
5$225K$477.4K
+112.2%

Summary: Newport housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +80.5%. The home price for 3 bedroom homes increased by +7.2%. The home price for 4 bedroom homes increased by +11.3%. The home price for 5 bedroom homes increased by +112.2%.

Housing supply in Newport, MI

How many homes are available in Newport, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
61Last MonthFeb 2025
612 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Newport real estate market had 61 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthFeb 2025
92 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
33234
+6.3%
42625
-3.8%
100
0.0%
221
-50.0%
511
0.0%

Summary: Newport housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +6.3%. The inventory for 4 bedroom homes decreased by -3.8%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Newport, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price6 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Newport, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Newport in February 2025, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 67% were sold at asking, and and 22% were sold over asking.

Days on Market for Newport, MI

How long does it take to sell a home in Newport, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days4 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in Newport has remained consistent over time.

Summary: During February 2025, 9 homes were sold in Newport; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
56 DaysThis YearFeb 2025
51 Days1 year agoFeb 2024
+10.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Newport had an average listing age of 56 days in Feb 2025, up by 10.6% compared to the previous year.

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Newest Listings in Newport, MI

What homes are available in Newport, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025

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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 8:21:10 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.