Justin Tye

Newberry Springs, CA

Single-Family Homes

Active Realty I REAL



Newberry Springs, CA

Fri May 24 2024
This week the median list price for Newberry Springs, CA is $240,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has increased to 24. Click here to stay informed with the Newberry Springs market!

Market Action Index

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

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Newberry Springs, CA

Fri May 24 2024
This week the median list price for Newberry Springs, CA is $240,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has increased to 24. Click here to stay informed with the Newberry Springs market!

Market Action Index

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

Slight Buyer's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Newberry Springs market.
Median List Price $240,000
Median Price of New Listings $0
Per Square Foot $153
Average Days on Market 250
Median Days on Market 161
Price Decreased 29%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent
Market Action 25
Slight Buyer's Advantage

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
$402,000 1,972 N/A 2 2 44 0 1 276
$260,000 1,813 5 - 10 acres 3 2 49 0 1 136
$189,000 1,188 5 - 10 acres 2 1 70 0 0 224
$144,500 1,226 5 - 10 acres 3 2 36 0 0 161