Is Newport Beach, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Newport Beach is a neutral's market


Difference Since January 2023

At the same time last year, Newport Beach was a Seller's Market.

Key Takeaway

Newport Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Newport Beach, CA

How much do homes in Newport Beach, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since January 2023


Key Takeaway

Homes in Newport Beach have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Newport Beach was $3,167,650 in January 2024, down 0.5% from last year, and the median price per square foot was $1,300.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $660K$795K
2 $1.8M$1.6M
3 $2.6M$2.8M
4 $3.8M$4.0M
5+ $5.3M$5.1M

Summary: Newport Beach housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Central Coast
Corona Del Mar
Costa Mesa
Newport Beach

Housing Supply in Newport Beach, CA

How many homes are available in Newport Beach, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE

Summary: The Newport Beach real estate market had 333 homes for sale in January 2024, a 8.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 45
2 4448
3 9094
4 9491
5+ 7595

Summary: The Newport Beach housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newport Beach, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Newport Beach in January 2024, down by 24.6% month-over-month. Of the 52 sold homes, 69% were sold under asking, 19% were sold at asking, and 12% were sold over asking.

Days on Market for Newport Beach, CA

How long does it take to sell a home in Newport Beach, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
56 Days51 Days-9.0%

Summary: Homes in Newport Beach had an average of 51 days on market in Jan 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newport Beach are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 52 homes were sold in Newport Beach; 46% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Newport Beach, CA

Nearby Markets to Newport Beach, CA

What housing markets are near Newport Beach, CA?