Intero's Market Report

Newcastle, CA

Single-Family Homes



Newcastle, CA

Tue May 11 2021
This week the median list price for Newcastle, CA is $1,150,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 13. Click here to stay informed with the Newcastle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Newcastle, CA

Tue May 11 2021
This week the median list price for Newcastle, CA is $1,150,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 13. Click here to stay informed with the Newcastle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Newcastle market.
Median List Price $1,150,000
Median Price of New Listings $1,094,500
Per Square Foot $381
Average Days on Market 71
Median Days on Market 21
Price Decreased 46%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent $2,095
Market Action 68
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,750,000 4,435 5 - 10 acres 4 4 27 0 1 182
$1,389,000 2,636 2.5 - 5 acres 3 3 32 1 1 7
$949,000 2,819 5 - 10 acres 5 3 96 0 1 21
$889,950 2,072 2.5 - 5 acres 3 2 31 1 4 17