Market Report

Newport Beach, CA

Single-Family Homes

Chartwell Escrow



Newport Beach, CA

Thu Nov 21 2024
This week the median list price for Newport Beach, CA is $5,922,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 122. 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 Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Newport Beach, CA

Thu Nov 21 2024
This week the median list price for Newport Beach, CA is $5,922,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 122. 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 Narrative

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,922,500
Median Price of New Listings $4,299,000
Per Square Foot $1,793
Average Days on Market 121
Median Days on Market 84
Price Decreased 37%
Price Increased 1%
Relisted 9%
Inventory 122
Median Rent
Market Action 34
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
$14,247,500 4,588 4,500 - 6,500 sqft 5 5 16 1 3 84
$6,937,500 3,946 6,500 - 8,000 sqft 4 4 27 2 1 143
$4,595,000 3,221 6,500 - 8,000 sqft 4 4 32 1 4 98
$3,599,000 2,219 0 - 4,500 sqft 3 3 62 3 4 49