Justin Tye

Newport Beach, CA

Single-Family Homes

Active Realty I REAL



Newport Beach, CA

Thu Jun 20 2024
This week the median list price for Newport Beach, CA is $5,995,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 151. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Newport Beach, CA

Thu Jun 20 2024
This week the median list price for Newport Beach, CA is $5,995,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 151. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,995,000
Median Price of New Listings $4,825,000
Per Square Foot $1,773
Average Days on Market 97
Median Days on Market 56
Price Decreased 36%
Price Increased 3%
Relisted 8%
Inventory 151
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
$11,900,000 4,410 4,500 - 6,500 sqft 5 5 25 3 1 56
$6,999,000 3,982 6,500 - 8,000 sqft 5 5 21 5 4 87
$4,995,000 3,228 4,500 - 6,500 sqft 4 4 30 1 5 45
$3,296,944 2,403 0 - 4,500 sqft 3 3 56 8 6 35