Kyle O'Kelly's Market Report

Newport Beach, CA 92660

Single-Family Homes

O'KELLY PACIFIC REAL ESTATE | 949-289-5700 | kyle@okellypacific.com



Newport Beach, CA 92660

Sat Mar 02 2024
This week the median list price for Newport Beach, CA 92660 is $4,986,900 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 52. 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 92660

Sat Mar 02 2024
This week the median list price for Newport Beach, CA 92660 is $4,986,900 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has increased to 52. 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 $4,986,900
Median Price of New Listings $4,295,000
Per Square Foot $1,339
Average Days on Market 85
Median Days on Market 28
Price Decreased 15%
Price Increased 8%
Relisted 10%
Inventory 52
Median Rent
Market Action 45
Strong Seller's Market

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
$10,950,000 5,416 0.25 - 0.5 acre 5 6 8 3 0 98
$6,850,000 4,319 8,000 - 10,000 sqft 5 5 29 0 1 42
$4,390,000 3,500 8,000 - 10,000 sqft 4 4 53 2 2 14
$2,095,000 1,816 0 - 4,500 sqft 3 3 58 4 3 7