RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Wed Aug 12 2020
This week the median list price for Newark, CA is $988,888 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 39. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Newark, CA

Wed Aug 12 2020
This week the median list price for Newark, CA is $988,888 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 39. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $988,888
Per Square Foot $569
Days on Market 42
Price Decreased 28%
Price Increased 5%
Relisted 3%
Inventory 39
Median Rent $1,950
Most Expensive $1,889,880
Least Expensive $498,000
Market Action 54
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
$1,585,301 2,802 0 - 4,500 sqft 5 3 0 0 3 38
$1,074,495 2,070 4,500 - 6,500 sqft 4 3 52 3 2 24
$917,499 1,525 4,500 - 6,500 sqft 3 2 44 2 5 65
$683,500 1,137 6,500 - 8,000 sqft 2 2 51 3 2 39