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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$988,500|
|Per Square Foot||$557|
|Days on Market||44|
|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.
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|