Tara Shapiro

Newport Beach, CA 92661

Single-Family Homes

EQTY Forbes Global Properties


Newport Beach, CA 92661

Thu Oct 24 2024
This week the median list price for Newport Beach, CA 92661 is $6,975,000 with the market action index hovering around 28. This is less than last month's market action index of 31. Inventory has increased to 33. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Newport Beach, CA 92661

Thu Oct 24 2024
This week the median list price for Newport Beach, CA 92661 is $6,975,000 with the market action index hovering around 28. This is less than last month's market action index of 31. Inventory has increased to 33. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $6,975,000
Median Price of New Listings $0
Per Square Foot $2,771
Average Days on Market 135
Median Days on Market 112
Price Decreased 39%
Price Increased 0%
Relisted 21%
Inventory 33
Median Rent
Market Action 28
Slight Buyer'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
$12,495,000 3,019 0 - 4,500 sqft 4 4 16 0 0 175
$7,447,000 2,615 0 - 4,500 sqft 4 3.8 64 0 0 175
$5,997,500 3,062 0 - 4,500 sqft 4 4 8 0 0 161
$3,650,000 2,145 0 - 4,500 sqft 3 3 72 0 0 70