Tara Shapiro

Newport Beach, CA 92660

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92660

Sat Jul 20 2024
This week the median list price for Newport Beach, CA 92660 is $5,645,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has decreased to 66. 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

Sat Jul 20 2024
This week the median list price for Newport Beach, CA 92660 is $5,645,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has decreased to 66. 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 $5,645,000
Median Price of New Listings $6,675,000
Per Square Foot $1,436
Average Days on Market 110
Median Days on Market 63
Price Decreased 35%
Price Increased 2%
Relisted 9%
Inventory 66
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$14,700,000 5,886 0.25 - 0.5 acre 5 5 26 1 0 101
$6,995,000 4,428 8,000 - 10,000 sqft 5 5.5 16 2 0 63
$4,725,000 3,737 8,000 - 10,000 sqft 4 4 29 2 0 49
$3,195,000 2,436 0 - 4,500 sqft 3 3 55 0 1 49