Newport News City Real Estate Market Extends Weakening in Home Sales

On top of a 5.8% drop in sales numbers this week to land at 147 homes sold over the last 30 days, the Newport News City market still shows a recent trend downward overall. The median sales price dropped to $169,000 over the latest reporting period for Newport News City, down from $174,900. With a downward trend in sales numbers and nine months of inventory still left to work through, Newport News City is a solid buyer's market.

Trying to find a home at a bargain price? Take a look at these affordable homes in Newport News City:

$104K   $104K   $104K  

Get started right now by checking out Newport News City homes for sale or reviewing Newport News City real estate trends.

Demographic facts for Newport News City:

  • The median house value here is $164,100.
  • Average number of rainy days is 112 per year. (U.S. average: 100)
  • This area has an unemployment rate of 7.1%.
  • For every teacher there are 14.3 students in this area. (15.3 = national average)

Data reported through 10/12/2016

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Rose & Womble Realty Company
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