Coastal Real Estate Guide

Newport Beach, CA

Single-Family Homes

Firebrand Media LLC



Newport Beach, CA

Thu Sep 21 2023
This week the median list price for Newport Beach, CA is $4,995,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 123. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Newport Beach, CA

Thu Sep 21 2023
This week the median list price for Newport Beach, CA is $4,995,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 123. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $4,995,000
Median Price of New Listings $4,370,000
Per Square Foot $1,793
Average Days on Market 98
Median Days on Market 56
Price Decreased 33%
Price Increased 2%
Relisted 9%
Inventory 123
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
$12,972,350 3,994 6,500 - 8,000 sqft 4 5 30 2 7 91
$5,995,000 3,116 0 - 4,500 sqft 4 4 70 3 2 63
$4,695,000 3,273 4,500 - 6,500 sqft 4 4 59 4 2 56
$2,995,000 2,003 0 - 4,500 sqft 3 3 58 8 7 42