RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Thu Feb 21 2019
This week the median list price for Newark, CA is $915,444 with the market action index hovering around 42. This is less than last month's market action index of 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newark, CA

Thu Feb 21 2019
This week the median list price for Newark, CA is $915,444 with the market action index hovering around 42. This is less than last month's market action index of 43. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $915,444
Per Square Foot $651
Days on Market 63
Price Decreased 31%
Price Increased 4%
Relisted 29%
Inventory 52
Median House Rent
Most Expensive $1,345,000
Least Expensive $688,888
Market Action Index
Slight Seller's Advantage
42

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
$1,199,000 1,942 0 - 4,500 sqft 3 3 1 0 1 60
$960,000 1,841 6,500 - 8,000 sqft 4 2 44 2 2 33
$898,000 1,350 4,500 - 6,500 sqft 3 2 50 1 3 79
$769,000 1,100 4,500 - 6,500 sqft 3 2 65 2 1 81