Barsam & Associates

Newport Beach, CA 92663

Single-Family Homes

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



Newport Beach, CA 92663

Fri Apr 12 2024
This week the median list price for Newport Beach, CA 92663 is $6,000,000 with the market action index hovering around 40. This is an increase over last month's market action index of 35. Inventory has decreased to 29. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Newport Beach, CA 92663

Fri Apr 12 2024
This week the median list price for Newport Beach, CA 92663 is $6,000,000 with the market action index hovering around 40. This is an increase over last month's market action index of 35. Inventory has decreased to 29. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $6,000,000
Median Price of New Listings $5,072,500
Per Square Foot $1,760
Average Days on Market 97
Median Days on Market 77
Price Decreased 34%
Price Increased 14%
Relisted 24%
Inventory 29
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$10,995,000 6,800 6,500 - 8,000 sqft 5 6 12 1 1 154
$6,500,000 3,340 0 - 4,500 sqft 4 5 23 0 0 154
$5,295,000 3,050 0 - 4,500 sqft 3 4 20 2 0 56
$4,222,500 2,445 4,500 - 6,500 sqft 4 4 64 1 2 24