#1379878, Listing Office: Island Premier Properties
02871 Housing Market Report February 2025•Newport County, Rhode Island
Housing Prices in 02871, RI
How much do homes in 02871, RI cost?
Housing Market Conditions
Is 02871, RI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
02871 is a Seller's Market
Difference Since February 2024
At the same time last year, 02871 was a Neutral Market.
02871 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 02871 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 02871 was $700,000 in February 2025, up 7.7% from last year, and the median price per square foot was $366.
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $352K | $491.3K | +39.6% |
22 Bedrooms | $594.2K | $570K | -4.1% |
33 Bedrooms | $614.5K | $669K | +8.9% |
44 Bedrooms | $856.7K | $1.2M | +40.1% |
55+ Bedrooms | $2.9M | $2.1M | -28.9% |
Summary: 02871 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +39.6%. The home price for 2 bedroom homes decreased by -4.1%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +40.1%. The home price for 5 bedroom homes decreased by -28.9%.
How does 02871, RI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
02871, RI
Housing supply in 02871, RI
How many homes are available in 02871, RI?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
56Last MonthFeb 2025 | ||
582 months agoJan 2025 | -3.4 % Change MoMJan – Feb |
Summary: The 02871 real estate market had 56 homes for sale in Feb 2025, a 3.4 % decrease compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
11Last MonthFeb 2025 | ||
122 months agoJan 2025 | -8.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 0 | -100.0% |
22 Bedrooms | 20 | 19 | -5.0% |
33 Bedrooms | 20 | 19 | -5.0% |
44 Bedrooms | 11 | 12 | +9.1% |
55+ Bedrooms | 6 | 6 | 0.0% |
Summary: 02871 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -5.0%. The inventory for 3 bedroom homes decreased by -5.0%. The inventory for 4 bedroom homes increased by +9.1%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 02871, RI cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price5 Homes
If you're buying a home in 02871, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 02871 in February 2025, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and and 18% were sold over asking.
Days on Market for 02871, RI
How long does it take to sell a home in 02871, RI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days7 Homes
Over 90 Days2 Homes
Avg time on Rocket Homes in 02871 has remained consistent over time.
Summary: During February 2025, 11 homes were sold in 02871; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
84 DaysThis YearFeb 2025 | ||
34 Days1 year agoFeb 2024 | +147.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 02871 had an average listing age of 84 days in Feb 2025, up by 147.2% compared to the previous year.
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Newest Listings in 02871, RI
What homes are available in 02871, RI?
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MLS Disclaimers and Copyright
Based on information from Rhode Island State Wide MLS, and MLS Property Information Network Inc. for the period 03/01/2023 - 03/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.