The Fifth Ward housing market is somewhat competitive. The median sale price of a home in Fifth Ward was $900K last month, up 32.4% since last year. The median sale price per square foot in Fifth Ward is $589, up 39.4% since last year.
What is the housing market like in Fifth Ward today?
In March 2024, Fifth Ward home prices were up 32.4% compared to last year, selling for a median price of $900K. On average, homes in Fifth Ward sell after 70 days on the market compared to 102 days last year. There were 15 homes sold in March this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$900,000
+32.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Fifth Ward, RI
$900,000
+32.4%
United States
To compare other locations to the Fifth Ward and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Newport add value to a home.
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How hot is the Fifth Ward housing market?
Fifth Ward is somewhat competitive. Homes sell in 49 days.
0
100
32
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 29 days.
Homes in this area are served by the Newport School District.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Fifth Ward housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Fifth Ward.
Risk Factor
Flood Factor - Major
31% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Fifth Ward has a major risk of flooding. 230 properties in Fifth Ward are likely to be
severely affected
by flooding over the next 30 years. This represents 31% of all properties in Fifth Ward. Flood risk is increasing faster than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Fifth Ward has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Fifth Ward is most at risk from hurricanes. 1,063 properties in Fifth Ward have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 134 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 147 mph.