Newport Beach, CA
Housing market overview · Updated weekly
$3.55Mmedian sale price
Homes sold
73
Last 12 weeks
Days on market
54
Average pace
Active listings
352
4.8 months supply
Sale-to-list
96.7%
Below asking
The Newport Beach housing market is currently classified as a leaning buyer's with a median sale price of $3.55M. Prices have fallen 1.4% compared to last year, with homes spending an average of 54 days on market, indicating 4.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Newport Beach?
The median home sale price in Newport Beach is $3.55M, down 1.4% from last year.
How long do homes stay on market in Newport Beach?
Homes typically spend 54 days on market before going under contract.
Is Newport Beach a buyer's or seller's market?
With 4.8 months of supply, Newport Beach is currently a leaning buyer's.
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