Tara Shapiro

Newport Beach, CA 92661

Single-Family Homes

EQTY Forbes Global Properties



Newport Beach, CA 92661

Sun May 26 2024
This week the median list price for Newport Beach, CA 92661 is $6,837,000 with the market action index hovering around 28. This is less than last month's market action index of 31. Inventory has increased to 30. 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

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

Sun May 26 2024
This week the median list price for Newport Beach, CA 92661 is $6,837,000 with the market action index hovering around 28. This is less than last month's market action index of 31. Inventory has increased to 30. 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

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 $6,837,000
Median Price of New Listings $8,585,000
Per Square Foot $2,442
Average Days on Market 81
Median Days on Market 70
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 30
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
$12,500,000 3,582 4,500 - 6,500 sqft 5 5 13 1 0 63
$7,995,000 2,922 0 - 4,500 sqft 4 4 74 0 0 70
$6,750,000 3,263 0 - 4,500 sqft 5 5 15 1 0 80
$4,460,000 2,352 0 - 4,500 sqft 3 3 32 0 0 63