Newport Beach Housing Market Report – May 2026
Here's a look at how the Newport Beach, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 64
- Median Sale Price: $3,260,000
- Average Sale Price: $3,556,225
- Average Price Per Sq Ft: $1,430
- Average Days on Market: 77
- Sale-to-List Price Ratio: 99.3%
Month-Over-Month Trends
Compared to April, the median sale price in Newport Beach moved 0.6% down (from $3,280,000 to $3,260,000). The number of homes sold was 19.0% down compared to the prior month (79 vs. 64). Average days on market shifted 18.5% up (65 days to 77 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.7% down (from $3,350,000 to $3,260,000). Sales volume is 6.7% up year-over-year.
What This Means
Newport Beach's luxury market is showing mixed signals this May. While the year-over-year sales volume uptick looks promising on paper, the month-to-month decline of 19 percent suggests we're entering a softer seasonal period. More telling is that homes are sitting on the market about two weeks longer than April, averaging 77 days now versus 65. That's a meaningful shift in a market where ultra-premium properties typically move faster. The median price dipped another 0.6 percent month-over-month and is down 2.7 percent annually, signaling gentle downward pressure despite the 99.3 percent sale-to-list ratio, which indicates buyers still have modest negotiating leverage.
The real story is in the inventory picture. With 392 active listings and a median asking price of $4.25 million, we're seeing supply outpace demand relative to earlier this year. Sellers are asking aggressively—the $987,500 gap between median list and sale prices suggests meaningful negotiation happening. Extended marketing times for active listings (88 days average) reinforce that this isn't a hot seller's market anymore. Rising interest rates likely continue weighing on buyer psychology at these price points. Newport Beach remains fundamentally strong, but the momentum has noticeably cooled from spring into early summer.
Newport Beach Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92660 | 29 | $3,586,995 | $1,244 | 64 |
| 92663 | 23 | $1,790,000 | $1,273 | 80 |
| 92662 | 7 | $5,810,000 | $2,895 | 128 |
| 92661 | 5 | $5,770,000 | $2,181 | 98 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 37 | $4,200,000 | $1,656 |
| CONDOS | 8 | $1,432,499 | $914 |
| CONDO | 7 | $1,600,000 | $1,099 |
| MULTI_FAMILY | 6 | $4,805,000 | $2,451 |
| TOWNHOMES | 5 | $1,140,375 | $1,017 |
| MOBILE | 1 | $630,000 | $547 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 4 |
| $750K+ | 60 |
Current Active Listings
As of this report, there are 392 active listings in Newport Beach with a median asking price of $4,247,500 and an average of 88 days on market.
Thinking About Selling Your Newport Beach Home?
If you're a homeowner in Newport Beach considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Newport Beach and throughout Orange County — get a no-obligation cash offer today.