Newport Beach, CA Housing Market
The Newport Beach housing market is somewhat competitive. Homes in Newport Beach receive 3 offers on average and sell in around 50 days. The median sale price of a home in Newport Beach was $3.3M last month, up 12.8% since last year. The median sale price per square foot in Newport Beach is $1.49K, up 23.0% since last year.
Newport Beach Housing Market Trends
In February 2024, Newport Beach home prices were up 12.8% compared to last year, selling for a median price of $3.3M. On average, homes in Newport Beach sell after 50 days on the market compared to 78 days last year. There were 70 homes sold in February this year, up from 55 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 58 days.
- Hot homescan sell for around list price and go pending in around 25 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 26 days.
- Hot homescan sell for about 5% 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 33 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, 6% 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 Bakersfield.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 4,632 | ||
2 | 1,420 | ||
3 | 1,129 | ||
4 | 530 | ||
5 | 151 | ||
6 | 7 | ||
7 | 7 | ||
8 | 6 | ||
9 | 5 | ||
10 | 4 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 8,262 | ||
2 | 6,135 | ||
3 | 3,586 | ||
4 | 3,483 | ||
5 | 2,642 | ||
6 | 1,389 | ||
7 | 1,385 | ||
8 | 1,310 | ||
9 | 1,293 | ||
10 | 1,192 |
Home offer insights for Newport Beach
Recent offers
View houses in Newport Beach that sold recently
Recently sold homes
- $7,900,000 Last Sold Price4 beds2.5 baths3,021 sq ft1853 Port Sheffield Pl, Newport Beach, CA 92660Pacific Sotheby's Int'l RealtyList Price$8,395,000Sale to List6% under listDays on Market25 days1853 Port Sheffield Pl, Newport Beach, CA 92660
- $5,510,000 Last Sold Price4 beds5 baths3,043 sq ft504 Acacia Ave, Corona Del Mar, CA 92625List Price$5,695,000Sale to List3% under listDays on Market155 days504 Acacia Ave, Corona Del Mar, CA 92625
- $6,500,000 Last Sold Price5 beds5.5 baths4,008 sq ft1939 Port Weybridge Pl, Newport Beach, CA 92660List Price$6,250,000Sale to List4% over listDays on Market18 days1939 Port Weybridge Pl, Newport Beach, CA 92660
- $1,645,000 Last Sold Price3 beds3 baths1,778 sq ft5 Summerwind Ct, Newport Beach, CA 92663List Price$1,599,000Sale to List3% over listDays on Market28 days5 Summerwind Ct, Newport Beach, CA 92663
- $2,150,000 Last Sold Price3 beds3 baths2,050 sq ft431 Vista Grande, Newport Beach, CA 92660List Price$2,095,000Sale to List3% over listDays on Market43 days431 Vista Grande, Newport Beach, CA 92660
- $2,850,000 Last Sold Price4 beds3 baths2,548 sq ft2521 Sierra Vis, Newport Beach, CA 92660List Price$2,550,000Sale to List12% over listDays on Market136 days2521 Sierra Vis, Newport Beach, CA 92660
- $5,400,000 Last Sold Price2 beds1 bath1,042 sq ft215 Heliotrope Ave, Corona Del Mar, CA 92625CompassList Price$5,495,000Sale to List2% under listDays on Market30 days215 Heliotrope Ave, Corona Del Mar, CA 92625
- $2,475,000 Last Sold Price3 beds2 baths2,241 sq ft14 Shoal Dr, Corona Del Mar, CA 92625List Price$2,599,000Sale to List5% under listDays on Market142 days14 Shoal Dr, Corona Del Mar, CA 92625
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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Heat Factor - Major
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Transportation in Newport Beach
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