Altos Market Data for Realtors

Newport Beach, CA

Single-Family Homes

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Newport Beach, CA

Wed Oct 09 2024
This week the median list price for Newport Beach, CA is $5,945,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 140. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newport Beach, CA

Wed Oct 09 2024
This week the median list price for Newport Beach, CA is $5,945,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 140. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newport Beach market.
Median List Price $5,945,000
Median Price of New Listings $3,547,500
Per Square Foot $1,747
Average Days on Market 114
Median Days on Market 81
Price Decreased 34%
Price Increased 4%
Relisted 11%
Inventory 140
Median Rent
Market Action 34
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$12,985,000 3,945 4,500 - 6,500 sqft 5 4.5 39 3 2 133
$6,800,000 3,863 4,500 - 6,500 sqft 4 4 26 3 0 112
$4,595,000 3,104 0 - 4,500 sqft 4 3.5 38 2 1 56
$2,900,000 1,965 0 - 4,500 sqft 3 2.5 57 8 7 42