Barsam & Associates

Newport Coast, CA

Single-Family Homes

T: 877-522-7726 | www.barsaminc.com | DRE 01871779



Newport Coast, CA

Wed Feb 21 2024
This week the median list price for Newport Coast, CA is $23,474,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 26. Click here to stay informed with the Newport Coast market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Newport Coast, CA

Wed Feb 21 2024
This week the median list price for Newport Coast, CA is $23,474,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 26. Click here to stay informed with the Newport Coast market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Newport Coast market.
Median List Price $23,474,000
Median Price of New Listings $8,172,500
Per Square Foot $2,338
Average Days on Market 192
Median Days on Market 123
Price Decreased 23%
Price Increased 4%
Relisted 4%
Inventory 26
Median Rent
Market Action 31
Slight Seller's Advantage

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$60,894,000 14,479 0.5 - 1 acre 6 10.5 3 0 0 399
$33,225,000 11,794 0.5 - 1 acre 6 10.5 10 0 0 66
$19,980,000 8,212 0.25 - 0.5 acre 5 7 25 0 0 126
$7,199,000 4,000 6,500 - 8,000 sqft 5 5 25 2 1 56