$11,995,000
5,419 SqFt
5 Beds
•6 Full Baths
Katin Reinhardt, Listing Office: KASE Real Estate, Inc.
Is Newport Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Newport Coast was a Seller's Market.
Key Takeaway
Newport Coast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newport Coast, CA
How much do homes in Newport Coast, CA cost?
Median Sold Price
$6,015,000
$1,613/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$1,865,000(+44.9%)
Key Takeaway
Homes in Newport Coast have sold for 44.9% more than they did a month ago.
Summary: The median home sold price in Newport Coast was $6,015,000 in November 2024, up 44.9% from last month, and the median price per square foot was $1,613.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.4M | - | N/A |
| 4 Bedrooms | $7.0M | $5.3M | -24.1% |
| 5+ Bedrooms | $11.0M | $24.0M | +116.6% |
Summary: Newport Coast housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 116.6%.
Housing Supply in Newport Coast, CA
How many homes are available in Newport Coast, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Newport Coast real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Newport Coast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 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 Newport Coast, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Newport Coast in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Newport Coast, CA
How long does it take to sell a home in Newport Coast, CA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 48 Days | -8.3% |
Summary: Homes in Newport Coast had an average of 48 days on market in Nov 2024, down by 8.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newport Coast are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Newport Coast; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.