Newport News Real Estate Market Extends Weakening in Home Sales

Over the last 30 days, 147 homes were sold in the Newport News market, down 5.8%. Additionally, the market is still in a confirmed downward trend overall. The median sales price dropped to $169,000 over the latest reporting period for Newport News, down from $174,900. With a downward trend in sales numbers and nine months of inventory still left to work through, Newport News is a strong buyer's market.

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

$104K   $104K   $104K  

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

Demographic facts about Newport News:

  • There are 7.3% vacant homes here.
  • The area gets 215 sunny days a year. (U.S. average: 205)
  • The student-to-librarian ratio is 236:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Elite-PEN
Snapped 10 homes in this area
Fitzhugh-Wilson Real Estate
Snapped 1 home in this area
Liz Moore & Associates LLC
Snapped 14 homes in this area

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