First American Title

Newport Beach, CA

Single-Family Homes



Newport Beach, CA

Sun Dec 22 2024
This week the median list price for Newport Beach, CA is $5,795,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 103. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newport Beach, CA

Sun Dec 22 2024
This week the median list price for Newport Beach, CA is $5,795,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 103. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,795,000
Median Price of New Listings $3,724,500
Per Square Foot $1,801
Average Days on Market 144
Median Days on Market 98
Price Decreased 42%
Price Increased 1%
Relisted 13%
Inventory 103
Median Rent
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 4,507 4,500 - 6,500 sqft 5 4.5 13 1 2 119
$6,847,500 3,905 6,500 - 8,000 sqft 4 4.5 41 0 7 108
$4,497,500 3,067 6,500 - 8,000 sqft 4 4 41 1 9 133
$2,624,500 2,073 0 - 4,500 sqft 4 3 62 2 6 84