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 56 days. The median sale price of a home in Newport Beach was $3.2M last month, up 17.6% since last year. The median sale price per square foot in Newport Beach is $1.49K, up 17.5% since last year.
Newport Beach Housing Market Trends
In March 2024, Newport Beach home prices were up 17.6% compared to last year, selling for a median price of $3.2M. On average, homes in Newport Beach sell after 56 days on the market compared to 51 days last year. There were 90 homes sold in March this year, down from 94 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 50 days.
- Hot homescan sell for around list price and go pending in around 22 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 around list price and go pending in around 28 days.
- Hot homescan sell for about 3% above list price and go pending in around 19 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.
- 80% 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 | Jan '24 - Mar '24 | ||
1 | 4,520 | ||
2 | 1,547 | ||
3 | 1,038 | ||
4 | 572 | ||
5 | 121 | ||
6 | 17 | ||
7 | 6 | ||
8 | 6 | ||
9 | 6 | ||
10 | 4 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 11,368 | ||
2 | 6,417 | ||
3 | 3,920 | ||
4 | 3,697 | ||
5 | 2,691 | ||
6 | 1,694 | ||
7 | 1,681 | ||
8 | 1,429 | ||
9 | 1,333 | ||
10 | 1,245 |
Home offer insights for Newport Beach
Recent offers
View houses in Newport Beach that sold recently
Recently sold homes
- $3,250,000 Last Sold Price3 beds3.5 baths2,861 sq ft85 Old Course Dr, Newport Beach, CA 92660Luxe Real EstateList Price$3,250,000Sale to List0% over listDays on Market0 days85 Old Course Dr, Newport Beach, CA 92660
- $5,800,000 Last Sold Price4 beds3 baths2,572 sq ft3721 Inlet Isle Dr, Corona Del Mar, CA 92625List Price$5,895,000Sale to List2% under listDays on Market31 days3721 Inlet Isle Dr, Corona Del Mar, CA 92625
- $4,000,000 Last Sold Price5 beds5.5 baths2,421 sq ft211 Pearl Ave, Newport Beach, CA 92662List Price$4,395,000Sale to List9% under listDays on Market80 days211 Pearl Ave, Newport Beach, CA 92662
- $7,400,000 Last Sold Price4 beds4.5 baths2,900 sq ft107 Abalone Ave, Newport Beach, CA 92662List Price$7,400,000Sale to List0% over listDays on Market0 days107 Abalone Ave, Newport Beach, CA 92662
- $2,225,000 Last Sold Price4 beds2.5 baths1,934 sq ft23 Encore Ct, Newport Beach, CA 92663List Price$2,200,000Sale to List1% over listDays on Market37 days23 Encore Ct, Newport Beach, CA 92663
- $1,185,000 Last Sold Price3 beds2.5 baths1,675 sq ft823 W 15th St Unit 1D, Newport Beach, CA 92663CompassList Price$1,080,000Sale to List10% over listDays on Market27 days823 W 15th St Unit 1D, Newport Beach, CA 92663
- $1,310,000 Last Sold Price2 beds2.5 baths1,850 sq ft417 BAY HILL Dr, Newport Beach, CA 92660List Price$1,299,000Sale to List1% over listDays on Market32 days417 BAY HILL Dr, Newport Beach, CA 92660
- $1,825,000 Last Sold Price4 beds3.5 baths2,207 sq ft60 Ebb Tide, Newport Beach, CA 92663List Price$1,880,000Sale to List3% under listDays on Market47 days60 Ebb Tide, Newport Beach, CA 92663
See all recently sold homes in Newport Beach.
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Schools in Newport Beach
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Maude B. Davis Elementary School Public • K-6 • Choice school | 565 Students | 29 reviews |
9/10 Roy O. Andersen Elementary School Public • K-6 | 368 Students | 6 reviews |
8/10 Newport Coast Elementary School Public • K-6 | 517 Students | 16 reviews |
8/10 Bonita Canyon Elementary School Public • K-6 • Choice school | 468 Students | 20 reviews |
8/10 Turtle Rock Elementary School Public • K-6 • Choice school | 847 Students | 25 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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Heat Factor - Major
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Transportation in Newport Beach
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Transit Score®
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