Is Newport Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newport Coast has remained a Seller's Market.
Key Takeaway
Newport Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newport Coast, CA
How much do homes in Newport Coast, CA cost?
Median Sold Price
$4,575,000
$1,326/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newport Coast have sold for 34.6% more than they did a year ago.
Summary: The median home sold price in Newport Coast was $4,575,000 in April 2024, up 34.6% from last year, and the median price per square foot was $1,326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.5M | $1.4M | -4.6% |
| 3 Bedrooms | $2.0M | $2.1M | +3.6% |
| 4 Bedrooms | $4.4M | $4.9M | +10.7% |
| 5+ Bedrooms | $8.1M | $8.8M | +9.7% |
Summary: Newport Coast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in Newport Coast, CA
How many homes are available in Newport Coast, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Newport Coast real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Newport Coast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newport Coast, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Newport Coast in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Newport Coast, CA
How long does it take to sell a home in Newport Coast, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +107.3% |
Summary: Homes in Newport Coast had an average of 60 days on market in Apr 2024, up by 107.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport Coast are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Newport Coast; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.