The Balboa Island housing market is somewhat competitive. The median sale price of a home in Balboa Island was $3.5M last month, down 7.9% since last year. The median sale price per square foot in Balboa Island is $1.17K, down 42.8% since last year.
What is the housing market like in Balboa Island today?
In March 2024, Balboa Island home prices were down 7.9% compared to last year, selling for a median price of $3.5M. On average, homes in Balboa Island sell after 49 days on the market compared to 15 days last year. There were 5 homes sold in March this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$3,500,000
-7.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Balboa Island, CA
$3,500,000
-7.9%
United States
To compare other locations to the Balboa Island and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Newport Beach add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Balboa Island housing market?
Balboa Island is somewhat competitive. Homes sell in 45 days.
0
100
56
Somewhat Competitive
Redfin Compete Score™
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 12 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 45 days.
Hot homes
can sell for about 1% above list price and go pending in around 20 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Balboa Island housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Balboa Island.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Balboa Island has an extreme risk of flooding. 1,192 properties in Balboa Island are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Balboa Island. Flood risk is increasing slower than the national average.
Balboa Island has minimal risk of severe winds over the next 30 years
Wind Factor
Balboa Island has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.