Justin Tye

Newport Beach, CA

Single-Family Homes

Active Realty I REAL



Newport Beach, CA

Fri May 24 2024
This week the median list price for Newport Beach, CA is $5,985,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 143. Click here to stay informed with the Newport Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Newport Beach, CA

Fri May 24 2024
This week the median list price for Newport Beach, CA is $5,985,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 143. Click here to stay informed with the Newport Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,985,000
Median Price of New Listings $5,690,000
Per Square Foot $1,773
Average Days on Market 90
Median Days on Market 63
Price Decreased 33%
Price Increased 1%
Relisted 7%
Inventory 143
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$10,880,000 4,708 4,500 - 6,500 sqft 5 5 18 1 3 77
$6,935,000 3,889 4,500 - 6,500 sqft 5 5 22 7 3 70
$4,997,000 3,062 4,500 - 6,500 sqft 4 4 34 5 4 56
$3,337,500 1,933 0 - 4,500 sqft 3 3 56 5 6 31