RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Sun Jul 21 2019
This week the median list price for Newark, CA is $948,888 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 75. 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

Sun Jul 21 2019
This week the median list price for Newark, CA is $948,888 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 75. 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 $948,888
Per Square Foot $580
Days on Market 58
Price Decreased 55%
Price Increased 5%
Relisted 32%
Inventory 75
Median House Rent
Most Expensive $1,605,775
Least Expensive $569,888
Market Action Index
Slight Seller's Advantage
44

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
$1,162,500 2,268 0 - 4,500 sqft 4 3 41 1 0 41
$995,000 1,752 4,500 - 6,500 sqft 4 2 33 1 1 63
$899,000 1,455 4,500 - 6,500 sqft 3 2 57 2 2 54
$799,000 1,220 4,500 - 6,500 sqft 3 2 61 5 3 74