The Aaronson Group's Market Report

Newport Beach, CA

Single-Family Homes

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Newport Beach, CA

Mon May 17 2021
This week the median list price for Newport Beach, CA is $4,445,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 88. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Newport Beach, CA

Mon May 17 2021
This week the median list price for Newport Beach, CA is $4,445,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 88. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $4,445,000
Median Price of New Listings $2,649,000
Per Square Foot $1,240
Average Days on Market 93
Median Days on Market 49
Price Decreased 28%
Price Increased 6%
Relisted 6%
Inventory 88
Median Rent $5,500
Market Action 48
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$9,995,000 5,739 4,500 - 6,500 sqft 5 7 29 2 3 63
$5,545,000 3,887 0 - 4,500 sqft 5 5 30 1 3 52
$3,765,000 3,519 4,500 - 6,500 sqft 4 5 40 3 10 42
$2,297,000 2,113 4,500 - 6,500 sqft 3 3 59 9 8 31