$10,000 Closing Credit*
$2,088,000
2,106 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cesi Pagano, Listing Office: Keller Williams Realty
Is Newport Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Newport Coast has remained a Seller's Market.
Key Takeaway
Newport Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newport Coast, CA
How much do homes in Newport Coast, CA cost?
Median Sold Price
$4,500,000
$1,435/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$110,000(+2.5%)
Key Takeaway
Homes in Newport Coast have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Newport Coast was $4,500,000 in October 2024, up 2.5% from last year, and the median price per square foot was $1,435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.4M | $1.4M | +3.2% |
| 3 Bedrooms | $2.3M | $3.1M | +30.4% |
| 4 Bedrooms | $4.8M | $4.6M | -2.3% |
| 5+ Bedrooms | $8.1M | $10.0M | +24.5% |
Summary: Newport Coast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 24.5%.
Housing Supply in Newport Coast, CA
How many homes are available in Newport Coast, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Newport Coast real estate market had 39 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Newport Coast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Newport Coast in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 53 Days | -37.6% |
Summary: Homes in Newport Coast had an average of 53 days on market in Oct 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newport Coast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Newport Coast; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.