Your Real Estate Market Update

Newport Coast, CA 92657

Single-Family Homes

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Newport Coast, CA 92657

Wed Jun 07 2023
This week the median list price for Newport Coast, CA 92657 is $15,237,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 20. Click here to stay informed with the Newport Coast 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 Coast, CA 92657

Wed Jun 07 2023
This week the median list price for Newport Coast, CA 92657 is $15,237,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 20. Click here to stay informed with the Newport Coast 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 Coast market.
Median List Price $15,237,500
Median Price of New Listings $19,572,500
Per Square Foot $2,047
Average Days on Market 242
Median Days on Market 123
Price Decreased 20%
Price Increased 0%
Relisted 15%
Inventory 20
Median Rent
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict 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
$58,888,000 14,000 0.5 - 1 acre 6 11 2 0 0 483
$22,850,000 10,400 0.25 - 0.5 acre 5 7 23 1 0 168
$8,995,000 5,268 0.25 - 0.5 acre 4 6 23 1 0 28
$3,950,000 2,812 4,500 - 6,500 sqft 4 3 25 0 0 35