Mary Pope-Handy's Market Report

Newark, CA 94560

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Newark, CA 94560

Thu Feb 27 2020
This week the median list price for Newark, CA 94560 is $988,500 with the market action index hovering around 62. This is an increase over last month's market action index of 56. Inventory has held steady at or around 26. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Newark, CA 94560

Thu Feb 27 2020
This week the median list price for Newark, CA 94560 is $988,500 with the market action index hovering around 62. This is an increase over last month's market action index of 56. Inventory has held steady at or around 26. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $988,500
Per Square Foot $557
Days on Market 44
Price Decreased 15%
Price Increased 4%
Relisted 4%
Inventory 26
Median Rent $3,000
Most Expensive $1,772,732
Least Expensive $750,000
Market Action 62
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,632,567 3,423 0 - 4,500 sqft 4 5 1 1 0 25
$1,375,944 2,400 8,000 - 10,000 sqft 4 3 39 2 1 37
$949,000 1,646 6,500 - 8,000 sqft 3 2 15 3 2 105
$850,000 1,126 4,500 - 6,500 sqft 3 2 58 4 3 5