Coastal Real Estate Guide

Newport Beach, CA

Single-Family Homes

Firebrand Media LLC



Newport Beach, CA

Sat Dec 03 2022
This week the median list price for Newport Beach, CA is $4,850,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 99. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Newport Beach, CA

Sat Dec 03 2022
This week the median list price for Newport Beach, CA is $4,850,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 99. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $4,850,000
Median Price of New Listings $4,185,000
Per Square Foot $1,391
Average Days on Market 107
Median Days on Market 70
Price Decreased 35%
Price Increased 1%
Relisted 12%
Inventory 99
Median Rent
Market Action 37
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$10,950,000 4,731 4,500 - 6,500 sqft 4 5 54 0 0 108
$5,988,888 3,911 6,500 - 8,000 sqft 5 5 50 1 3 119
$3,790,000 3,112 6,500 - 8,000 sqft 4 4 56 6 1 42
$2,350,000 2,157 0 - 4,500 sqft 3 3 60 1 2 49