Barsam & Associates

Newport Beach, CA 92663

Single-Family Homes

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


Newport Beach, CA 92663

Thu Sep 21 2023
This week the median list price for Newport Beach, CA 92663 is $5,272,500 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 46. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Newport Beach, CA 92663

Thu Sep 21 2023
This week the median list price for Newport Beach, CA 92663 is $5,272,500 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 46. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,272,500
Median Price of New Listings $4,895,000
Per Square Foot $1,809
Average Days on Market 88
Median Days on Market 70
Price Decreased 37%
Price Increased 0%
Relisted 11%
Inventory 46
Median Rent
Market Action 34
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$7,890,000 3,813 6,500 - 8,000 sqft 4 5 69 2 0 70
$5,995,000 3,543 6,500 - 8,000 sqft 4 4 75 2 0 70
$4,822,000 2,948 0 - 4,500 sqft 4 4 70 2 0 73
$3,092,000 1,798 0 - 4,500 sqft 3 3 73 3 3 31