$10,000 Closing Credit*
$1,750,000
1,060 SqFt
2 Beds
•2 Full Baths, 1 Partial
Michael Hahn, Listing Office: Compass
Is Central Newport Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Central Newport Beach was a Seller's Market.
Key Takeaway
Central Newport Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Newport Beach, CA
How much do homes in Central Newport Beach, CA cost?
Median Sold Price
$3,210,000
$1,731/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$1,584,000(-33.0%)
Key Takeaway
Homes in Central Newport Beach have sold for 33% less than they did a year ago.
Summary: The median home sold price in Central Newport Beach was $3,210,000 in September 2024, down 33% from last year, and the median price per square foot was $1,731.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.6M | $1.7M | +0.9% |
| 3 Bedrooms | $3.9M | $2.6M | -33.2% |
| 4 Bedrooms | $5.1M | $4.6M | -9.3% |
| 5+ Bedrooms | $5.2M | $3.3M | -36.5% |
Summary: Central Newport Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 33.2%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Balboa Peninsula | $4.4M | $4.3M | -2.1% |
| Central Newport Beach | $4.7M | $3.2M | -33.0% |
Housing Supply in Central Newport Beach, CA
How many homes are available in Central Newport Beach, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Central Newport Beach real estate market had 28 homes for sale in September 2024, a 16.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Central Newport Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Newport Beach, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Central Newport Beach in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Central Newport Beach, CA
How long does it take to sell a home in Central Newport Beach, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 109 Days | 7 Days | -93.6% |
Summary: Homes in Central Newport Beach had an average of 7 days on market in Sep 2024, down by 93.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Newport Beach are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Central Newport Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.