RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Sat Dec 15 2018
This week the median list price for Newark, CA is $898,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 52. Click here to stay informed with the Newark market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Newark, CA

Sat Dec 15 2018
This week the median list price for Newark, CA is $898,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 52. Click here to stay informed with the Newark market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $898,500
Per Square Foot $652
Days on Market 49
Price Decreased 40%
Price Increased 2%
Relisted 23%
Inventory 52
Median House Rent
Most Expensive $1,488,000
Least Expensive $525,000
Market Action Index
Slight Seller's Advantage
42

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
$1,199,888 1,828 6,500 - 8,000 sqft 4 2 42 0 3 46
$925,000 1,464 4,500 - 6,500 sqft 3 2 56 2 2 45
$860,000 1,308 4,500 - 6,500 sqft 3 2 57 2 1 44
$740,000 1,114 4,500 - 6,500 sqft 3 2 64 0 1 59