Barsam & Associates

Newport Coast, CA 92657

Single-Family Homes

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



Newport Coast, CA 92657

Wed Feb 28 2024
This week the median list price for Newport Coast, CA 92657 is $19,989,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 30. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Newport Coast, CA 92657

Wed Feb 28 2024
This week the median list price for Newport Coast, CA 92657 is $19,989,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 30. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Newport Coast market.
Median List Price $19,989,000
Median Price of New Listings $6,250,000
Per Square Foot $2,325
Average Days on Market 152
Median Days on Market 88
Price Decreased 23%
Price Increased 3%
Relisted 3%
Inventory 30
Median Rent
Market Action 30
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$55,000,000 11,888 0.5 - 1 acre 6 10 4 0 1 168
$27,500,000 9,712 0.5 - 1 acre 6 9 19 1 0 126
$13,670,000 5,734 0.25 - 0.5 acre 5 5.5 25 1 0 122
$5,745,000 3,757 6,500 - 8,000 sqft 4 4 23 3 0 45