$3,250,000
Carter Weir, Listing Office: Berkshire Hathaway Homeservice
Is West Newport Beach, 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, West Newport Beach was a Neutral Market.
Key Takeaway
West Newport Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Newport Beach, CA
How much do homes in West Newport Beach, CA cost?
Median Sold Price
$7,000,000
$3,025/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$3,180,000(+83.2%)
Key Takeaway
Homes in West Newport Beach have sold for 83.2% more than they did a month ago.
Summary: The median home sold price in West Newport Beach was $7,000,000 in October 2024, up 83.2% from last month, and the median price per square foot was $3,025.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.1M | $2.0M | -3.9% |
| 3 Bedrooms | - | $7.0M | N/A |
| 4 Bedrooms | $3.8M | - | N/A |
| 5+ Bedrooms | $4.8M | $9.6M | +97.9% |
Summary: West Newport Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 97.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Newport Island Incorporated | $1.3M | $3.8M | +173.4% |
| West Newport Beach | $3.8M | $7.0M | +83.2% |
Housing Supply in West Newport Beach, CA
How many homes are available in West Newport Beach, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The West Newport Beach real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The West Newport Beach 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Newport Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Newport Beach in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Newport Beach, CA
How long does it take to sell a home in West Newport Beach, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 53 Days | +24.0% |
Summary: Homes in West Newport Beach had an average of 53 days on market in Oct 2024, up by 24% compared to last month.
Breakdown of Home Sale Times
2 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 West Newport Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in West Newport Beach; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.