RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Wed Oct 24 2018
This week the median list price for Newark, CA is $949,844 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has held steady at or around 62. 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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Newark, CA

Wed Oct 24 2018
This week the median list price for Newark, CA is $949,844 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has held steady at or around 62. 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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $949,844
Per Square Foot $652
Days on Market 36
Price Decreased 35%
Price Increased 3%
Relisted 21%
Inventory 62
Median House Rent
Most Expensive $1,400,000
Least Expensive $599,950
Market Action Index
Strong Seller's Market
50

The market appears to be 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
$1,199,888 1,953 6,500 - 8,000 sqft 4 2 47 3 0 26
$999,888 1,690 4,500 - 6,500 sqft 3 2 51 1 0 38
$899,000 1,339 4,500 - 6,500 sqft 3 2 53 1 1 46
$812,000 1,137 4,500 - 6,500 sqft 3 2 63 0 1 34