Single-Family Homes
Thu Mar 28 2024
This week the median list price for Newport Coast, CA is $23,474,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $23,474,000 | |
Median Price of New Listings | $10,800,000 | |
Per Square Foot | $2,451 | |
Average Days on Market | 133 | |
Median Days on Market | 84 | |
Price Decreased | 29% | |
Price Increased | 7% | |
Relisted | 0% | |
Inventory | 28 | |
Median Rent | ||
Market Action | 32 | |
Slight Seller's Advantage |
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$49,995,000 | 11,888 | 0.5 - 1 acre | 6 | 11 | 3 | 0 | 0 | 189 |
$28,000,000 | 8,212 | 0.5 - 1 acre | 5 | 8 | 19 | 0 | 0 | 56 |
$15,980,000 | 8,500 | 0.25 - 0.5 acre | 5 | 7 | 23 | 1 | 1 | 154 |
$7,580,000 | 4,662 | 0.25 - 0.5 acre | 4 | 5 | 24 | 2 | 2 | 28 |