Market Report

Newport Beach, CA 92663

Single-Family Homes

Chartwell Escrow



Newport Beach, CA 92663

Wed Oct 09 2024
This week the median list price for Newport Beach, CA 92663 is $6,375,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased 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 Seller's Advantage

Market Narrative

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

Wed Oct 09 2024
This week the median list price for Newport Beach, CA 92663 is $6,375,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased 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 Seller's Advantage

Market Narrative

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 $6,375,000
Median Price of New Listings $0
Per Square Foot $1,964
Average Days on Market 93
Median Days on Market 70
Price Decreased 30%
Price Increased 6%
Relisted 12%
Inventory 33
Median Rent
Market Action 36
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
$13,992,500 3,873 0 - 4,500 sqft 5 5.5 64 0 0 42
$8,495,000 4,190 4,500 - 6,500 sqft 5 6 68 0 0 115
$5,945,000 3,367 0 - 4,500 sqft 4 5 61 0 0 59
$3,395,000 1,800 0 - 4,500 sqft 3 3 67 0 2 49