Tara Shapiro

Newport Beach, CA 92660

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92660

Sun May 26 2024
This week the median list price for Newport Beach, CA 92660 is $5,222,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 68. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 May 26 2024
This week the median list price for Newport Beach, CA 92660 is $5,222,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 68. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $5,222,500
Median Price of New Listings $4,395,000
Per Square Foot $1,492
Average Days on Market 90
Median Days on Market 49
Price Decreased 34%
Price Increased 3%
Relisted 12%
Inventory 68
Median Rent
Market Action 39
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
$10,880,000 5,309 0.25 - 0.5 acre 5 6 19 0 1 84
$6,825,000 4,200 8,000 - 10,000 sqft 5 5 15 5 1 14
$4,298,800 3,836 8,000 - 10,000 sqft 4 4 45 3 3 70
$2,500,000 2,300 0 - 4,500 sqft 3 3 56 5 5 14