Barsam & Associates
Newport Coast, CA 92657
Single-Family Homes
T: 877-522-7726 | www.barsaminc.com | DRE 01871779
Newport Coast, CA 92657
Wed Apr 24 2024
This week the median list price for Newport Coast, CA 92657 is $26,972,500 with the market action index hovering around 33. This is an increase over last month's market action index of 30. Inventory has held steady at or around 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $26,972,500 | |
| Median Price of New Listings | $6,399,999 | |
| Per Square Foot | $2,445 | |
| Average Days on Market | 115 | |
| Median Days on Market | 49 | |
| Price Decreased | 21% | |
| Price Increased | 4% | |
| Relisted | 0% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Click for more charts
Price trends in this zip code continued their recent uptrend this week. While still below the market's 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 |
|---|---|---|---|---|---|---|---|---|
| $49,995,000 | 14,000 | 0.5 - 1 acre | 7 | 11 | 5 | 1 | 0 | 217 |
| $29,960,000 | 9,921 | 0.5 - 1 acre | 6 | 9 | 19 | 0 | 0 | 56 |
| $13,500,000 | 5,118 | 0.25 - 0.5 acre | 4 | 5 | 25 | 0 | 3 | 42 |
| $7,280,000 | 3,858 | 6,500 - 8,000 sqft | 4 | 5 | 20 | 3 | 0 | 7 |