Justin Tye

Newport Beach, CA

Single-Family Homes

Active Realty I REAL



Newport Beach, CA

Thu Feb 13 2025
This week the median list price for Newport Beach, CA is $6,047,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 108. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newport Beach, CA

Thu Feb 13 2025
This week the median list price for Newport Beach, CA is $6,047,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 108. 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

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $6,047,000
Median Price of New Listings $5,097,400
Per Square Foot $1,785
Average Days on Market 148
Median Days on Market 116
Price Decreased 27%
Price Increased 5%
Relisted 19%
Inventory 108
Median Rent
Market Action 35
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
$14,500,000 4,507 4,500 - 6,500 sqft 5 5 10 3 2 147
$6,999,000 4,010 6,500 - 8,000 sqft 4 4.5 32 2 3 119
$4,999,800 3,176 4,500 - 6,500 sqft 4 4 37 6 2 91
$2,999,900 2,153 0 - 4,500 sqft 3 3 60 3 6 84