Tara Shapiro

Newport Beach, CA 92660

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92660

Mon Dec 02 2024
This week the median list price for Newport Beach, CA 92660 is $5,814,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 44. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Newport Beach, CA 92660

Mon Dec 02 2024
This week the median list price for Newport Beach, CA 92660 is $5,814,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 44. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,814,000
Median Price of New Listings $1,495,000
Per Square Foot $1,404
Average Days on Market 136
Median Days on Market 74
Price Decreased 36%
Price Increased 0%
Relisted 14%
Inventory 44
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
$13,900,000 5,392 0.25 - 0.5 acre 4 4.5 25 0 1 140
$6,495,000 4,403 8,000 - 10,000 sqft 5 4.5 40 0 1 112
$5,295,000 3,930 8,000 - 10,000 sqft 5 4 41 0 3 112
$3,599,000 2,214 6,500 - 8,000 sqft 3 2.5 55 1 3 28