Intero's Market Report

Newark, CA

Single-Family Homes



Newark, CA

Wed Apr 24 2024
This week the median list price for Newark, CA is $1,450,000 with the market action index hovering around 88. This is less than last month's market action index of 90. Inventory has increased to 16. Click here to stay informed with the Newark market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Newark, CA

Wed Apr 24 2024
This week the median list price for Newark, CA is $1,450,000 with the market action index hovering around 88. This is less than last month's market action index of 90. Inventory has increased to 16. Click here to stay informed with the Newark market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $1,450,000
Median Price of New Listings $1,449,950
Per Square Foot $817
Average Days on Market 15
Median Days on Market 4
Price Decreased 13%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 88
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,894,000 2,495 0 - 4,500 sqft 4 3.5 5 1 0 10
$1,522,444 1,720 4,500 - 6,500 sqft 3 2.5 42 3 2 0
$1,418,975 1,817 4,500 - 6,500 sqft 4 2.3 61 2 0 45
$1,249,000 1,304 8,000 - 10,000 sqft 3 2 58 3 2 0