Rhode Island
Tyler Bernadyn: The reality of the Newport County housing market: A seller’s advantage and a buyer’s challenge – What's Up Newp

As we move into the spring season, the reality of Newport County’s real estate market continues to be shaped by the simple, yet undeniable, law of supply and demand. With just 155 properties currently available across Jamestown, Newport, Middletown, Portsmouth, Tiverton, and Little Compton — ranging from $60,000 (643 Forest Park in Middletown) to $22,500,000 (441 W Main Road in Little Compton) — the shortage of homes is impacting buyers and sellers alike.
One of the most pressing observations in Newport is the severe shortage of inventory. In fact, there are only 13 residential properties available in Newport for under $1 million. This limited supply has kept the market firmly in a seller’s advantage, with demand still outpacing what’s available. Even in a market with limited inventory, there is still a palpable energy. Last week, I hosted some of the busiest open houses I’ve ever had, a clear indicator that pent-up demand for housing in our community remains. For those exploring the idea of selling, the returns on investments are incredible, and recent sales have contributed to a significant increase in home equity. Property owners in Newport County are sitting on more money than they might realize, making it an ideal time to consider a sale — if they’re ready to take the plunge or have the need to move.
For buyers, however, the reality is that competition will only intensify as we head further into the spring market. With so few properties available, many are feeling the pressure to act quickly or find themselves on the outside looking in. As more buyers flood the market due to the seasonal nature of New England, many are finding themselves competing with others, often making quick, decisive offers to secure their desired properties. But it’s not all about the highest bid. Sellers are often considering multiple offers and looking for favorable terms, not just the price. Offers that are free of conditions or contingencies are pacing the race to consumers, which requires a certain level of risk tolerance amongst consumers already competing in high price purchases.
What many sellers are grappling with is a question that continues to be a major hurdle: where will they go if they sell? For many homeowners, this uncertainty about where to move next is what has kept them from listing their homes. But for those who decide to take advantage of the market, there’s an opportunity to capitalize on the high equity gains. Still, it’s essential to keep in mind that the cost of land and housing in coastal areas — particularly Rhode Island — is unlikely to decrease in the near future.
This is the reality of living in a coastal community, and it’s a trend that doesn’t seem poised to change anytime soon. The surge in housing prices, approachable interest rates, and metropolitan migration spurred by the COVID-19 pandemic created a frenzy that led to what I believe is a bubble in many coastal markets. While other markets around the country may experience some softening, the dynamics in Rhode Island remain unique. With only a finite amount of land left to be developed — particularly in the western part of the state — prices will continue to hold strong.
Recent reports underscore the precariousness of our market. According to Eastern Progress, Rhode Island ranks as the 10th least stable housing market in the country, signaling that volatility is a concern for many buyers and sellers. As noted in a Providence Journal article, the median sale price in Rhode Island rose 3.5% year-over-year in 2024, and homes are continuing to sell quickly — underscoring the competitive landscape we’re seeing locally.
In Newport, dirt alone is selling for hundreds of thousands of dollars, and the city’s size is limited: just 11 square miles in total, with 7.7 square miles of land and 3.3 square miles of inland water. The scarcity of land is something that’s truly unique to coastal communities like ours, and it’s a factor that will only continue to drive property values higher.
For those who purchased homes years ago or have no mortgage, you’re sitting on a significant amount of equity due to the unprecedented surge in property values. That equity might be more than you think, and it could be the right time to explore options that can help you capitalize on your investment or take money out of your home to fund capital improvement projects, pay off debt, etc.
But for buyers, particularly those who were waiting for prices to drop or interest rates to do the same, it’s a harsh reality. The market remains competitive, and those who have been waiting on the sidelines may find themselves struggling to secure a property in a market that’s showing no signs of slowing down.
In light of this it’s crucial to understand your home’s true value in this market. This is information that every property owner, regardless of if you plan to sell, should have on hand. Your fair market value is often much different from your city assessment, and recent sales in your neighborhood will directly affect your home’s position. Whether you’re considering a move or just curious about your home’s worth, consulting with an experienced local professional can provide the insight you need to navigate this ever-evolving market. I’d be happy to consult on any valuation, confidentially with no strings attached.
For more information about this article or insight on the local real estate market, please reach out. My direct line is 401-241-1851 and my email is TylerB@resultswithremax.com. Have a wonderful Sunday.

Rhode Island
Providence man arrested in connection to narcotics and firearms investigation | ABC6

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PROVIDENCE, R.I. (WLNE) — Rhode Island State Police said a Providence man was arrested after police allegedly discovered multiple narcotics and a gun inside two residences on Sept. 23.
47-year-old Joel Garcia was charged with possession with the intent to deliver over 1 kilogram of fentanyl, possession with the intent to deliver over 1 kilogram of cocaine, possession with the intent to deliver one ounce to one kilogram of methamphetamine, possession with the intent to deliver fentanyl, possession with the intent to deliver cocaine, possession with the intent to deliver methamphetamine, possession of a firearm while committing a controlled substance violation, unlawful possession of a firearm by a prohibited person, and distribution of a controlled substance in a school zone.
According to RISP, police received court-authorized search warrants for two residences in Providence in connection to a narcotics and firearms investigation.
Inside an apartment on Dresser Street, police allegedly seized 1.7 kilograms of fentanyl, 2.3 kilograms of cocaine, and 147 grams of methamphetamine.
Police also searched Garcia’s residence on Portland Street and allegedly seized one fully loaded pistol.
According to police, Garcia had allegedly used the apartment on Dresser Street to “store, package, and distribute large amounts of fentanyl, cocaine and methamphetamine.”
Garcia was arrested and charged.
RISP, Providence police, Cranston police, North Providence police, Johnston police, the Drug Enforcement Administration, and the Rhode Island National Guard Counterdrug Program assisted in the investigation.
Rhode Island
The Ocean State’s Bond With Robert Redford

Millions have been mourning the death of a cinematic icon over the last week with the passing of Robert Redford at age 89.
The award-winning actor is arguably one of the most famous of all time. With over 70 films to his credit on screen and nine he directed throughout his career, Redford’s work in cinema stands out as some of the greatest.
Though only two of Redford’s movies were ever filmed in Rhode Island, the Oscar-winning actor has a deep connection with the Ocean State.
Redford’s Family Roots Near Rhode Island
Though no Redfords actually lived in Rhode Island, Robert’s family was longtime residents of Stonington, CT and several members were born in nearby Westerly, RI.
READ MORE: ‘Sopranos’ Star Officially Becomes a Rhode Island Resident
Throughout Robert Redford’s childhood there were visits to his grandparents in Stonington, where his grandfather worked as a milkman.
Presumably this time in Stonington meant crossing the state line into Westerly on more than one occasion in his youth and perhaps led to his love of the Rhode Island seaside in later years.
Filming The Great Gatsby in Newport
During his career, Redford came to Newport in the 1970s to film The Great Gatsby at the historic Rosecliff Mansion. Decades later he returned to Rhode Island with the science fiction film The Discovery and even wrote a thank you letter to Newport, praising their preservation efforts in the city.
READ MORE: HGTV Says You Need to Drive This Road in Newport
Though when he did ultimately settle in New England, Redford chose Weston, CT as his home for almost two decades. He purchased a home not too far from his close friend and fellow actor, Paul Newman.
Evan Agostini/Getty Images
Rhode Island Honors Robert Redford
Rhode Island never forgot its ties to the beloved actor however. In 2002 Redford was asked to be the commencement speaker at Brown University and that same year Trinity Repertory Company awarded him a Pell Award for Lifetime Achievement in the Arts.
Just one of the many lifetime achievement awards Robert Redford would go on to accumulate during his illustrious career.
20 Stars Who Hail From Rhode Island
Rhode Island may be the smallest state in the nation, but it has been home to many celebrities. Though some have moved here, filmed here or attended school here, only a handful were actually born here. These are those celebrities.
Gallery Credit: Nancy Hall
Academy Award and Golden Globe Winners from Massachusetts
These Massachusetts natives have taken home some of Hollywood’s top honors.
Gallery Credit: Michaela Johnson
30 Things To Do in Newport Any Time of Year
Newport has always been seen as a summer destination. Wealthy New Yorkers used to escape the city in the hotter months for this picturesque seaside spot and the label as a summer vacation destination began.
There are, however, plenty of things to do in this historic town in any season and we’ve found a few that you may want to try the next time you head to Newport.
Gallery Credit: Nancy Hall
Rhode Island
GoLocalProv | Sports | VIDEO: Providence’s Lassiter Scores 44-Yard TD in Vanderbilt’s Upset Over #11 South Carolina

Sunday, September 14, 2025
Zell Lassiter
PHOTO: Via Vanderbilt
Providence’s Jamezell Lassiter had a big play on a huge stage on Saturday when Vanderbilt football upset #11 South Carolina. SEE 7:25 MARK.
Lassiter, who played for the Edgewood Eagles and the Mount Hope Cowboys and attended the San Miguel School in Providence, smoked the Gamecocks on a 44-yard touchdown score.
GET THE LATEST BREAKING NEWS HERE — SIGN UP FOR GOLOCAL FREE DAILY EBLAST
Vanderbilt won 31-7 over No. 11 South Carolina, snapping a 16-game losing streak between the two programs.
Zell Lassiter PHOTO: Vanderbilt Athletics
In 2024, GoLocal sports columnist Robert McMahon wrote about Lassiter’s journey to the top Division I program:
His athletic skills impressed his San Miguel classmates. Flag football, soccer, basketball—Jamezell could do it all. He was a natural athlete.
But the transformation of Zell, as he likes to be called, happened in the San Miguel classroom.
READ MORE HERE
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