Intero's Market Report

Newcastle, CA

Single-Family Homes



Newcastle, CA

Sat Nov 27 2021
This week the median list price for Newcastle, CA is $1,285,000 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has decreased to 10. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Newcastle, CA

Sat Nov 27 2021
This week the median list price for Newcastle, CA is $1,285,000 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has decreased to 10. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Newcastle market.
Median List Price $1,285,000
Median Price of New Listings $847,500
Per Square Foot $434
Average Days on Market 153
Median Days on Market 84
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent $1,840
Market Action 47
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$2,060,000 3,110 N/A 5 2.5 46 0 0 497
$1,574,750 3,322 5 - 10 acres 3 3 35 0 0 70
$1,200,000 2,736 2.5 - 5 acres 4 4 43 0 0 63
$735,000 2,024 2.5 - 5 acres 3 2 40 2 0 0