Mary Pope-Handy's Market Report

Newark, CA 94560

Condos/Townhomes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Current active inventory in Newark, CA 94560 is very low. Keep this in mind when looking at this report.

Newark, CA 94560

Thu Feb 27 2020
This week the median list price for Newark, CA 94560 is $898,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has held steady at or around 3. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Newark, CA 94560

Thu Feb 27 2020
This week the median list price for Newark, CA 94560 is $898,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has held steady at or around 3. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $898,000
Per Square Foot $540
Days on Market 16
Price Decreased 33%
Price Increased 0%
Relisted 33%
Inventory 3
Median Rent $2,800
Most Expensive $989,000
Least Expensive $750,000
Market Action 69
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$898,000 1,478 8,000 - 10,000 sqft 3 3 4 1 6 16
$989,000 1,829 0.25 - 0.5 acre 4 4 4 1 1 0
$898,000 1,455 - 3 3 3 0 2 14
$750,000 1,478 0 - 4,500 sqft 3 2 34 0 2 35