Intero's Market Report
Newark, CA
Single-Family Homes
Newark, CA
Sat Dec 21 2024
This week the median list price for Newark, CA is $1,350,000 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has increased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,350,000 | |
| Median Price of New Listings | $1,349,000 | |
| Per Square Foot | $965 | |
| Average Days on Market | 56 | |
| Median Days on Market | 56 | |
| Price Decreased | 24% | |
| Price Increased | 6% | |
| Relisted | 18% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 72 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,845,500 | 2,260 | 6,500 - 8,000 sqft | 4 | 3 | 52 | 1 | 1 | 66 |
| $1,544,950 | 1,444 | 6,500 - 8,000 sqft | 4 | 2 | 58 | 2 | 2 | 56 |
| $1,324,000 | 1,488 | 6,500 - 8,000 sqft | 4 | 2 | 60 | 2 | 0 | 3 |
| $1,178,888 | 1,100 | 6,500 - 8,000 sqft | 3 | 2 | 63 | 2 | 2 | 77 |