Is Newport Beach, CA 92661 a buyer’s or seller’s market?

The Newport Beach housing market right now

In the three months ending August 31, 2026, 7% of homes in Newport Beach, CA 92661 sold above their list price, the typical home went under contract in 47 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 14 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold faster (80 days then) and the median sale price rose 59% to $6,872,026. Overall, Newport Beach is more competitive than a year ago, so tougher for buyers.

Within Orange County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 96%.

Nearby, buyers who want less competition could look at Silverado 92676 (0% sold over asking) or Irvine 92612 (4% sold over asking), while Surfside 90743 (100% sold over asking) and Brea 92823 (71% sold over asking) are even more competitive.