What Newport is actually doing, from Redfin data rather than adjectives.
Prices are down 2.8% on the same period last year.
This is a patient market. At 57 days sellers are negotiating and buyers have time to do diligence properly — inspections, well, septic — without losing the house.
29 homes sold in the month — enough to be meaningful, few enough that the mix of what sold still moves the median.
A median is the middle of what sold — not a valuation of any particular house. Two properties on the same street can sit either side of it for reasons a median cannot see: acreage, water, septic, outbuildings, condition. If you want to know what a specific place is worth, that takes comparables, and I will run them.
I am licensed throughout Oregon. Tell me the property and I will tell you what the county record shows and what it is actually worth.
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