Tara Shapiro

Newport Beach, CA 92661

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92661

Sat Jul 20 2024
This week the median list price for Newport Beach, CA 92661 is $6,998,000 with the market action index hovering around 26. This is less than last month's market action index of 28. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Newport Beach, CA 92661

Sat Jul 20 2024
This week the median list price for Newport Beach, CA 92661 is $6,998,000 with the market action index hovering around 26. This is less than last month's market action index of 28. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $6,998,000
Median Price of New Listings $0
Per Square Foot $2,625
Average Days on Market 95
Median Days on Market 91
Price Decreased 42%
Price Increased 3%
Relisted 6%
Inventory 33
Median Rent
Market Action 26
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
$13,247,500 3,500 4,500 - 6,500 sqft 4 4.5 12 0 1 112
$7,737,500 2,971 0 - 4,500 sqft 4 4.5 61 0 0 70
$6,697,000 3,263 0 - 4,500 sqft 4 5 7 0 0 129
$4,000,000 1,732 0 - 4,500 sqft 3 3 73 0 1 49