Newport Beach, CA Housing Market
The Newport Beach housing market is somewhat competitive. Homes in Newport Beach receive 2 offers on average and sell in around 59 days. The median sale price of a home in Newport Beach was $3.7M last month, up 34.3% since last year. The median sale price per square foot in Newport Beach is $1.4K, up 13.2% since last year.
Newport Beach Housing Market Trends
In April 2024, Newport Beach home prices were up 34.3% compared to last year, selling for a median price of $3.7M. On average, homes in Newport Beach sell after 59 days on the market compared to 43 days last year. There were 96 homes sold in April this year, up from 82 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Newport Beach housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 38 days.
- Hot homescan sell for about 1% above list price and go pending in around 19 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 23 days.
- Hot homescan sell for about 6% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 25 days.
- Hot homescan sell for about 5% above list price and go pending in around 14 days.
Newport Beach Migration & Relocation Trends
- Across the nation, 5% of homebuyers searched to move into Newport Beach from outside metros.
- San Francisco homebuyers searched to move into Newport Beach more than any other metro followed by New York and Seattle.
- 79% of Newport Beach homebuyers searched to stay within the Newport Beach metropolitan area.
- San Diego was the most popular destination among Newport Beach homebuyers followed by Las Vegas and Phoenix.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,361 | ||
2 | 1,791 | ||
3 | 276 | ||
4 | 32 | ||
5 | 16 | ||
6 | 16 | ||
7 | 11 | ||
8 | 11 | ||
9 | 6 | ||
10 | 6 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 12,739 | ||
2 | 6,357 | ||
3 | 3,917 | ||
4 | 3,856 | ||
5 | 2,554 | ||
6 | 2,168 | ||
7 | 1,978 | ||
8 | 1,646 | ||
9 | 1,611 | ||
10 | 1,528 |
Home offer insights for Newport Beach
Recent offers
View houses in Newport Beach that sold recently
Recently sold homes
- $300,000 Last Sold Price3 beds2 baths1,176 sq ft275 Revere Way, Newport Beach, CA 92660List Price$375,000Sale to List20% under listDays on Market70 days275 Revere Way, Newport Beach, CA 92660
- $10,650,000 Last Sold Price4 beds4.5 baths4,450 sq ft1015 Dolphin Ter, Corona Del Mar, CA 92625CompassList Price$11,995,000Sale to List11% under listDays on Market111 days1015 Dolphin Ter, Corona Del Mar, CA 92625
- $5,600,000 Last Sold Price4 beds2.5 baths3,037 sq ft2519 Harbor View Dr, Corona Del Mar, CA 92625Coldwell Banker RealtyList Price$5,500,000Sale to List2% over listDays on Market21 days2519 Harbor View Dr, Corona Del Mar, CA 92625
- $6,100,000 Last Sold Price4 beds3.5 baths4,010 sq ft31 Cape Andover, Newport Beach, CA 92660List Price$6,395,000Sale to List5% under listDays on Market45 days31 Cape Andover, Newport Beach, CA 92660
- $383,000 Last Sold Price2 beds2 baths—sq ft50 Saratoga, Newport Beach, CA 92660List Price$399,000Sale to List4% under listDays on Market56 days50 Saratoga, Newport Beach, CA 92660
- $2,685,000 Last Sold Price3 beds3 baths2,300 sq ft8 Rue Valbonne, Newport Beach, CA 92660List Price$2,200,000Sale to List22% over listDays on Market22 days8 Rue Valbonne, Newport Beach, CA 92660
- $2,200,000 Last Sold Price2 beds2.5 baths1,928 sq ft4 Seafaring Dr, Corona Del Mar, CA 92625CompassList Price$2,399,000Sale to List8% under listDays on Market102 days4 Seafaring Dr, Corona Del Mar, CA 92625
- $4,935,000 Last Sold Price5 beds4.5 baths4,464 sq ft34 Montgomery, Newport Beach, CA 92660Berkshire Hathaway HomeServiceList Price$4,999,000Sale to List1% under listDays on Market90 days34 Montgomery, Newport Beach, CA 92660
See all recently sold homes in Newport Beach.
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Schools in Newport Beach
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Harbor View Elementary School Public • K-6 | 275 Students | 5 reviews |
9/10 Meadow Park School Public • K-6 | 362 Students | 8 reviews |
9/10 Vista Verde Public • K-8 | 462 Students | 25 reviews |
9/10 Bonita Canyon Elementary School Public • K-6 | 449 Students | 20 reviews |
8/10 Maude B. Davis Elementary School Public • K-6 | 456 Students | 29 reviews |
Climate's impact on Newport Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Newport Beach.
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Fire Factor - Moderate
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Wind Factor - Minimal
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Heat Factor - Major
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Transportation in Newport Beach
Walk Score®
Transit Score®
Bike Score®
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