Balboa Peninsula, CA Housing Market

Homes for sale

The Balboa Peninsula housing market is not very competitive. The median sale price of a home in Balboa Peninsula was $3.89M last month, up 29.8% since last year. The median sale price per square foot in Balboa Peninsula is $1.72K, down 1.3% since last year.

Trends
Demand
Market Insights
Schools
Climate

Balboa Peninsula Housing Market Trends

What is the housing market like in Balboa Peninsula today?

$3.89M

Sale Price

+29.8%
since last year

$1.72K

Sale $/Sq. Ft.

-1.3%
since last year

Under List Price

4.2%

Days on Market

Down Payment

24.9%

Total Homes Sold

To compare other locations to the Balboa Peninsula 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.

Work with the best agents in Balboa Peninsula

Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.

How hot is the Balboa Peninsula housing market?

Balboa Peninsula is not very competitive. Homes sell in 87 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 87 days.
Hot homes
can sell for about 1% below list price and go pending in around 52 days.

Compare With Nearby Neighborhoods

Balboa Island

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 60 days.
Hot homes
can sell for around list price and go pending in around 28 days.

Eastside Costa Mesa

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 39 days.
Hot homes
can sell for about 2% above list price and go pending in around 24 days.

See more nearby cities and neighborhoods

Home offer insights for Balboa Peninsula

Explore recent offers and recently sold homes in Balboa Peninsula

Recent offers

Offer Not Accepted|
7 Weeks Ago
~$3.25M Offer
Sold for $3.5M
3 bd | 2 ba | ~1,250 sqft
Under List Price
7%
Days on Market
39
Competing Offers
4
Down Payment
~20%
Michelle Zabukovec
Balboa Peninsula Redfin Agent

View houses in Balboa Peninsula that sold recently

Recently sold homes

SOLD DEC 3, 2024
$2,000,000 Last Sold Price
2 beds
1 bath
684 sq ft
3206 W Oceanfront, Newport Beach, CA 92663
List Price
$2,000,000
Sale to List
0% over list
Days on Market
0 days
3206 W Oceanfront, Newport Beach, CA 92663
BOUGHT WITH REDFIN DEC 2, 2024
$3,195,000 Last Sold Price
3 beds
3 baths
1,854 sq ft
123 E Bay Ave, Newport Beach, CA 92661
Redfin Corporation
List Price
$3,275,000
Sale to List
2% under list
Days on Market
243 days
123 E Bay Ave, Newport Beach, CA 92661
SOLD DEC 2, 2024
$3,675,000 Last Sold Price
6 beds
4.5 baths
2,885 sq ft
916 W Balboa Blvd, Newport Beach, CA 92661
Coldwell Banker Realty
List Price
$3,675,000
Sale to List
0% over list
Days on Market
0 days
916 W Balboa Blvd, Newport Beach, CA 92661
SOLD NOV 29, 2024
$2,350,000 Last Sold Price
3 beds
3.5 baths
1,619 sq ft
918 W Balboa Blvd Unit B, Newport Beach, CA 92661
List Price
$2,450,000
Sale to List
4% under list
Days on Market
78 days
918 W Balboa Blvd Unit B, Newport Beach, CA 92661
SOLD NOV 27, 2024
3D WALKTHROUGH
$3,500,000 Last Sold Price
3 beds
2 baths
1,176 sq ft
2004 E Ocean Blvd, Newport Beach, CA 92661
List Price
$3,595,000
Sale to List
3% under list
Days on Market
69 days
2004 E Ocean Blvd, Newport Beach, CA 92661
SOLD NOV 25, 2024
3D WALKTHROUGH
$4,445,000 Last Sold Price
3 beds
3.5 baths
2,397 sq ft
115 E Bay Ave, Newport Beach, CA 92661
List Price
$4,595,000
Sale to List
3% under list
Days on Market
83 days
115 E Bay Ave, Newport Beach, CA 92661
SOLD NOV 22, 2024
$3,090,000 Last Sold Price
5 beds
3 baths
2,225 sq ft
219 E Bay Ave, Newport Beach, CA 92661
List Price
$3,495,000
Sale to List
12% under list
Days on Market
256 days
219 E Bay Ave, Newport Beach, CA 92661
SOLD NOV 21, 2024
$5,650,000 Last Sold Price
4 beds
3 baths
2,665 sq ft
211 E Edgewater Ave, Newport Beach, CA 92661
Luxe Real Estate
List Price
$6,998,000
Sale to List
19% under list
Days on Market
263 days
211 E Edgewater Ave, Newport Beach, CA 92661
See all recently sold homes in Balboa Peninsula.
See listings

Schools in Balboa Peninsula

Learn about schools in the Balboa Peninsula area

Elementary
Middle
High

GreatSchools Rating

8/10

Newport Elementary School

Public • K-6

308

Students

7 reviews

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 Peninsula housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Balboa Peninsula.

Flood Factor - Major

39% of properties are at risk of severe flooding over the next 30 years

Heat Factor - Major

78% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Balboa Peninsula

New Listings in Balboa Peninsula

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