Your Local Market Report

Newport Beach, CA

Single-Family Homes



Newport Beach, CA

Tue May 21 2019
This week the median list price for Newport Beach, CA is $2,999,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 287. Click here to stay informed with the Newport Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Newport Beach, CA

Tue May 21 2019
This week the median list price for Newport Beach, CA is $2,999,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 287. Click here to stay informed with the Newport Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $2,999,000
Per Square Foot $973
Days on Market 117
Price Decreased 38%
Price Increased 1%
Relisted 9%
Inventory 287
Median House Rent $5,998
Most Expensive $59,995,000
Least Expensive $495,000
Market Action Index
Slight Seller's Advantage
30

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$5,995,000 4,517 4,500 - 6,500 sqft 5 5 26 7 2 168
$3,599,000 3,747 6,500 - 8,000 sqft 4 4 13 6 1 99
$2,637,500 2,524 4,500 - 6,500 sqft 4 3 45 3 7 131
$1,750,000 2,095 0 - 4,500 sqft 3 2 51 6 13 72