Tara Shapiro

Newport Beach, CA 92660

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92660

Sun Apr 14 2024
This week the median list price for Newport Beach, CA 92660 is $4,895,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 55. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Newport Beach, CA 92660

Sun Apr 14 2024
This week the median list price for Newport Beach, CA 92660 is $4,895,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 55. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $4,895,000
Median Price of New Listings $2,074,500
Per Square Foot $1,276
Average Days on Market 92
Median Days on Market 42
Price Decreased 27%
Price Increased 7%
Relisted 7%
Inventory 55
Median Rent
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$10,950,000 5,400 0.25 - 0.5 acre 5 5 19 0 1 42
$5,702,300 4,268 8,000 - 10,000 sqft 5 5 27 1 2 63
$4,222,500 3,664 8,000 - 10,000 sqft 4 4 52 1 1 56
$2,274,000 2,486 0 - 4,500 sqft 3 3 54 4 3 17