12 homes in Balboa Island
Homes for Sale in Balboa Island, Newport Beach
Balboa Island Market Snapshot
$8.5M
Median Price
$3251
Avg $/Sq Ft
51
Avg Days on Market
1
New This Week
About Balboa Island, Newport Beach
Balboa Island is a sought-after neighborhood in Newport Beach, OH. Currently, there are 12 homes for sale in this area with a median listing price of $8.5M. The average price per square foot is $3251.
Newport Beach Market Report
Newport Beach Market Pulse
Median Home Price
$4.00M
↑ 12.5% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
5.1 months of supply
Balanced Market241 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step—a steady flow of options without a glut. Listings typically sell in ~75 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
Homes are taking longer to sell—a larger share of listings remain on the market beyond 30 days, giving buyers more leverage.
Affordability Snapshot
Typical home cost
$32,821/mo
Actual housing expense
Affordable budget (28%)
$3,697/mo
Based on median income
Median household income
$13,205/mo
Newport Beach
A typical home costs about 249% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$1.4M/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $2.5M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$5.3M)
Price Reductions
97 listings have reduced their price
40% of active listings
Average reduction: 6.9% (~$345K)
Nearby Neighborhoods in Newport Beach
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