Your Local Market Report

Newport Beach, CA

Single-Family Homes



Newport Beach, CA

Sun Aug 18 2019
This week the median list price for Newport Beach, CA is $2,795,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 333. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Newport Beach, CA

Sun Aug 18 2019
This week the median list price for Newport Beach, CA is $2,795,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 333. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $2,795,000
Per Square Foot $933
Days on Market 118
Price Decreased 44%
Price Increased 2%
Relisted 8%
Inventory 333
Median House Rent $5,800
Most Expensive $59,995,000
Least Expensive $769,900
Market Action Index
Slight Buyer's Advantage
29

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
$5,195,000 4,000 4,500 - 6,500 sqft 4 4 25 5 8 177
$3,349,000 3,772 6,500 - 8,000 sqft 4 4 19 4 4 105
$2,495,000 2,630 6,500 - 8,000 sqft 4 3 48 6 6 104
$1,637,500 2,029 0 - 4,500 sqft 3 2 53 5 5 86