Newport Market Report
$251,705
AVERAGE PRICE OF 210 HOMES$1,490,000
AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES$379,007
AVERAGE PRICE OF 13 NEWLY BUILT HOMES$730,142
AVERAGE PRICE OF 7 HOMES WITH A POOL$204,949
AVERAGE PRICE OF 4 REDUCED PRICE HOMES$109,900
AVERAGE PRICE OF 1 DISTRESSED HOMESAverage Home
| Average Price | $251,705 |
| Avg Bedrooms | 2.06 beds |
| Avg Bathrooms | 1.56 baths |
Average Price by Bedrooms
| 1 bedroom | $34,900 |
| 2 bedrooms | $250,196 |
| 3 bedrooms | $321,719 |
| 4 bedrooms | $436,389 |
| 5 bedrooms | $912,333 |
Newport Home Price Trends
| 8/2023 | 7/2023 | 6/2023 | 5/2023 | 4/2023 | |
|---|---|---|---|---|---|
| Total Listings | 52 | 53 | 58 | 53 | 53 |
| Average Price | $471,044 | $413,195 | $334,864 | $366,717 | $393,545 |
| Avg Price Change | +14.00% | +23.39% | -9.51% | -7.32% | -0.42% |
| Median Price | $331,330 | $309,931 | $253,858 | $254,198 | $240,242 |
| Med Price Change | +6.90% | +22.09% | -0.13% | +5.81% | -6.53% |
| Avg Bedrooms | 3.1 beds | 3 beds | 2.83 beds | 2.88 beds | 2.87 beds |
| Avg Bathrooms | 2.29 baths | 2.16 baths | 1.95 baths | 2 baths | 2.12 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Cocke | 41 | $123,268 | 25 days |
| Cocke Co | 23 | $193,269 | 6 days |
| Cocke County | 11 | $360,981 | 53 days |
| Cosby | 8 | $307,453 | 17 days |
| Cosby (k-12) | 6 | $240,633 | 24 days |
| Out Of Area | 1 | $55,000 | 6 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 210 | $251,705 | 46 days |
| Multi-Million Dollar Homes | 5 | $1,490,000 | 44 days |
| Newly Built Homes | 13 | $379,007 | 56 days |
| Homes with a Pool | 7 | $730,142 | 48 days |
| Reduced Price Homes | 4 | $204,949 | 46 days |
| Distressed Homes | 1 | $109,900 | 2 days |
