OC Real Estate Pulse

Thinking of buying or selling in Orange County? The real estate scene is still hot—but not everywhere, and not for everyone. From luxury pads in Newport Coast to condos in Irvine, the market is sending mixed signals. Sellers are still holding some power, but buyers? You’re not out of the game.

Here’s your no-fluff breakdown of OC’s key markets — single-family homes and condos — so you know exactly where you stand before making your next move.

🏡 Orange County SFR (Single-Family Homes) – Market Snapshot

• Median List Price: $1.88M

• Market Action: 41 – Still favors sellers, but barely.

• Inventory: 2,907 and dropping.

• Takeaway for Buyers: You're not in charge—but you can still negotiate. Be ready to pounce fast.

• Takeaway for Sellers: You’ve got the edge, but buyers are cautious. Price smart or sit.

🏢 Orange County Condos – Market Snapshot

• Median List Price: $882K

• Market Action: 40 – Slight seller’s edge, but weaker than SFRs.

• Inventory: 1,762 – tighter condo pool.

• Takeaway for Buyers: Less competition, but still need to move quick.
  
  

Takeaway for Sellers: Price drops are creeping in. List realistically to avoid chasing the market.

🏡 Newport Beach SFR (Single-Family Homes)

• Median List Price: $5.99M

• Market Action: 31 – Still technically a seller’s market, but barely hanging on.

• Inventory: 168 – dropping.

• Buyer Tip: High prices, long market times. Negotiate hard — you’ve got some leverage.

• Seller Tip: You're not calling all the shots. Price it right or it’ll sit.
  
  

🏢 Newport Beach Condos

• Median List Price: $2.99M

• Market Action: 43 – Stronger than SFRs, still favors sellers.

• Inventory: Just 51 units!

• Buyer Tip: Slim pickings. Be fast, but don’t overpay — no price increases lately.
  
  

Seller Tip: Momentum is yours — for now. Strike while the market leans your way.

🏡 Corona Del Mar SFR (Single-Family Homes)

• Median List Price: $3.68M

• Market Action: 28 – Slight buyer’s advantage now.

• Inventory: Up to 30.

• Buyer Tip: You’ve got some wiggle room. Negotiation power is shifting your way.

• Seller Tip: That seller’s grip is slipping — price right or get ghosted.
  
  

🏢 Corona Del Mar Condos

• Median List Price: $7.75M

• Market Action: 28 – Buyer’s market, still soft.

• Inventory: 52 units.

• Buyer Tip: High prices, but the market’s yours. Make bold offers.
  
  

Seller Tip: Luxury's nice, but don’t overestimate demand. Price cuts may be coming.

🏡 Newport Coast SFR (Single-Family Homes)

• Median List Price: $12.5M

• Market Action: 27 – Buyers have the edge, but only slightly.

• Inventory: Holding steady at 45.

• Buyer Tip: Prices aren’t moving up — take your time, negotiate hard.

• Seller Tip: High price tag ≠ guaranteed sale. Expect savvy buyers.
  
  

🏢 Newport Coast Condos

• Median List Price: $2.4M

• Market Action: 39 – Still favors sellers, but cooling.

• Inventory: Just 10 units.

• Buyer Tip: Not much to choose from, but half are seeing price cuts.
  
  

Seller Tip: Supply is low, but so is urgency. Don’t get greedy.

🏡 Laguna Beach SFR (Single-Family Homes)

• Median List Price: $1.89M

• Market Action: 29 – Slight buyer’s edge.

• Inventory: 34 – dropping.

• Buyer Tip: Market’s soft, but watch for tightening. Still time to negotiate.

• Seller Tip: The tide’s not in your favor yet — don’t chase buyers away with high pricing.
  
  

🏢 Laguna Beach Condos

• Median List Price: $4.99M

• Market Action: 28 – Still favors buyers.

• Inventory: 174 units — plenty to choose from.

• Buyer Tip: You’ve got options and leverage. No rush here.

• Seller Tip: Inventory is your biggest competition. Stand out with sharp pricing or incentives.

🏡 Costa Mesa SFR (Single-Family Homes)

• Median List Price: $1.80M

• Market Action: 46 – Solid seller’s market, but cooling.

• Inventory: 63 – slipping.

• Buyer Tip: Competition is still real, but cracks are forming. Be patient, but ready.

• Seller Tip: You’re still in control — for now. Don’t wait too long to list.
  
  

🏢 Costa Mesa Condos

• Median List Price: $1.23M

• Market Action: 49 – Still strong for sellers.

• Inventory: Only 31 units.

• Buyer Tip: Slim inventory, rising rent — act fast if it’s the right fit.
  
  

Seller Tip: Demand's solid, but don’t ignore signs of softening. Price realistically.

🏡 Irvine SFR (Single-Family Homes)

• Median List Price: $1.39M

• Market Action: 34 – Slight edge to sellers.

• Inventory: 406 – plenty of homes on the market.

• Buyer Tip: Balanced market vibes. Sellers have the edge, but not by much — stay sharp.

• Seller Tip: Don’t get cocky. Inventory is high, and buyers know it. Price it right.
  
  

🏢 Irvine Condos

• Median List Price: $2.65M

• Market Action: 34 – Same story: slight seller’s advantage.

• Inventory: 326 – holding steady.

• Buyer Tip: You’re not powerless here. Negotiate.
  
  

Seller Tip: You’re in the zone, but only barely. Stand out or get overlooked.

🏡 Huntington Beach SFR (Single-Family Homes)

• Median List Price: $1,649,000

• Market Action: 42 – Slight seller's advantage.

• Inventory: 145 – declining.

• Buyer Tip: Still leaning seller, but deals are surfacing. Keep your eyes peeled.

• Seller Tip: You’ve got momentum. Act now before the tide turns.

🏢 Huntington Beach Condos

• Median List Price: $949,000

• Market Action: 46 – Strong seller’s market.

• Inventory: 58 – shrinking fast.

• Buyer Tip: Limited supply. Be quick and decisive — or miss out.
  
  

Seller Tip: Perfect timing to list. Low competition, high leverage.

Bottom line? The OC market is shifting, not crashing. Sellers: this isn’t 2021 — price smart or get passed over. Buyers: there are cracks in the armor — don’t be afraid to negotiate.

Whether you’re making moves or just market-watching, I’ve got you covered — city by city, week by week. Stick around for more updates, or hit me up if you want the inside track on your block.

📞 Contact Jarett Richards at 949-405-4455

Luxury Coastal Real Estate | Newport Beach
📍 Based in Orange County, CA
🌐 Website: www.JarettRichards.com
📩 Email: [email protected]
📱 Instagram: @jarett.richards

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