RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Thu Nov 14 2019
This week the median list price for Newark, CA is $899,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 44. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Newark, CA

Thu Nov 14 2019
This week the median list price for Newark, CA is $899,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 44. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $899,000
Per Square Foot $602
Days on Market 81
Price Decreased 50%
Price Increased 5%
Relisted 30%
Inventory 44
Median Rent $3,450
Most Expensive $1,718,050
Least Expensive $599,000
Market Action 47
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,250,000 2,451 4,500 - 6,500 sqft 4 3 49 1 2 39
$949,999 1,642 6,500 - 8,000 sqft 3 2 29 0 0 78
$815,000 1,200 6,500 - 8,000 sqft 3 2 57 2 0 139
$719,000 1,190 4,500 - 6,500 sqft 3 2 64 5 5 64