Tara Shapiro

Newport Beach, CA 92660

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92660

Sun Jul 14 2024
This week the median list price for Newport Beach, CA 92660 is $5,547,500 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 62. 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 92660

Sun Jul 14 2024
This week the median list price for Newport Beach, CA 92660 is $5,547,500 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 62. 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 $5,547,500
Median Price of New Listings $5,047,500
Per Square Foot $1,459
Average Days on Market 109
Median Days on Market 56
Price Decreased 32%
Price Increased 2%
Relisted 10%
Inventory 62
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$15,500,000 5,900 0.25 - 0.5 acre 5 5 27 2 1 119
$6,995,000 4,248 8,000 - 10,000 sqft 5 6 9 1 1 56
$4,295,000 3,550 6,500 - 8,000 sqft 4 4 43 0 3 56
$2,949,950 2,306 0 - 4,500 sqft 3 3 55 3 3 28