RE/MAX Accord's Market Report

Newark, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Newark, CA

Fri Sep 20 2019
This week the median list price for Newark, CA is $924,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 60. 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.

Slight Seller's Advantage

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

Fri Sep 20 2019
This week the median list price for Newark, CA is $924,500 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 60. 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.

Slight Seller's Advantage

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 $924,500
Per Square Foot $558
Days on Market 57
Price Decreased 48%
Price Increased 8%
Relisted 18%
Inventory 60
Median House Rent $3,375
Most Expensive $1,711,454
Least Expensive $539,888
Market Action Index
Slight Seller's Advantage
43

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
$1,375,877 2,500 4,500 - 6,500 sqft 4 3 0 2 1 47
$999,000 1,826 4,500 - 6,500 sqft 4 3 45 2 2 46
$865,000 1,472 4,500 - 6,500 sqft 3 2 58 2 1 72
$748,888 1,190 4,500 - 6,500 sqft 3 2 51 3 1 62