March 2024 Real Estate Report

Homes For Sale
140 Total
Homes For Sale
Homes added
70 Homes
Added to the Market
Homes For Sale
52 Homes
Sold
Compared to Previous Month
8%
More Homes For Sale
home chart
21%
More Homes Sold
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Last month in March, housing in Newport Beach, CA ended with 70 homes being added to the market for sale, for a cumulative monthly total of 140 homes for sale - up 8% compared to February. Newport Beach, CA had a total of 52 homes sold for the month - up 21% from the month prior.

Detached led the way in homes sold with a total of 35 - up 17%, while attached totaled 17 in closed sales - up 29% from the month of February. The number of detached properties sold under 1500 square feet totaled 5 for the month of March, while homes from 1500 to 2000 square feet recorded 5 sales and homes sized from 2000 to 2500 square feet had 3 sales. While homes from 2500 to 3000 square feet square feet recorded 5 homes sold and homes from 3000 to 3500 square feet had 4 sales, while homes in the 3500 to 4000 square feet range totaled 2 homes sold. Homes from 4000 to 4500 square feet had 4 sales, homes from 4500 to 5000 square feet had 2 sales and homes over 5500 square feet recorded 5 homes sold.

The number of attached homes sold under 1500 square feet numbered 10, attached homes in the square feet range of 1500 to 2000 recorded 3 sales and attached properties from 2000 to 2500 square feet had a total of 1 homes sold. Attached properties from 2500 to 3000 square feet had a total of 2 homes sold and attached properties from 4500 to 5000 square feet had a total of 1 homes sold. The following ranges for attached homes all had no sales: 3000 to 3500, 3500 to 4000, 4000 to 4500, over 5500.


When are the most homes sold in Newport Beach, CA?
August:
58 Homes Sold
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The last 12 month period for the city of Newport Beach, CA shows that the greatest number of homes were sold during the months of May 2023, August 2023 and October 2023. The months of May 2023, August 2023 and October 2023 had 58 - 58 and 54 homes sold, respectively, as compared to an average of 45 for the other months of the year.

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When do homes sell the fastest in Newport Beach, CA?
July:
20 Days On Market
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The last 12 month period for the city of Newport Beach, CA shows that homes sold the fastest during the months of April 2023, July 2023 and August 2023. The months of April 2023, July 2023 and August 2023 had 29 - 20 and 25 days on market, respectively, as compared to an average of 38 for the other months of the year.


Average Price Of Homes Sold In Newport Beach, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Newport Beach, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Newport Beach, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024314152 - - - - - - - - - 124
2023333152515847545844543745564
2022665674796468406151352924647
20216799118124120999688719066671105
20207411867294173691131161228677985
2019403968788576897572896577853
2018515760858380847459545741785
20176350737610087798974715474890
Average Days On Market (DOM) In Newport Beach, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024594031 - - - - - - - - - 43
202345403229333020253735344133
2022352023621142323384240524
202144362526332420212322302527
202083685732405757483946393550
201974477260483864635764706360
201886404755463258437855506855
201774645356595347527166456058
Average Days From List To Close Of Escrow In Newport Beach, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20241198088 - - - - - - - - - 96
2023110927286787166678779658880
2022996368566361726176106867874
202198998086787569657971868381
2020145124977899116118109891008980104
201911610014911110882106106106108129114111
201813610487110957810087128100105107103
201713210411410810711097101139120104105112
Number of homes added to the market in Newport Beach, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024796370 - - - - - - - - - 212
2023556762738389788476564921793
2022707295609865614348385531736
20211029711892103919582766043411000
202075167644791100110106999380711103
2019557596929881808164645033869
201859609810810362466450714137799
20178283102868395745553655333864