Is Newark, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newark has remained a Seller's Market.
Housing Prices in Newark, CA
How much do homes in Newark, CA cost?
Median Sold Price
$1,230,000
$765/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newark was $1,230,000 in April 2024, up 9.6% from last year, and the median price per square foot was $765.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $478K | +1.7% |
2 Bedrooms | $650K | $669.6K | +3.0% |
3 Bedrooms | $1.1M | $1.2M | +9.2% |
4 Bedrooms | $1.3M | $1.4M | +9.9% |
5+ Bedrooms | $1.7M | $1.7M | -3.7% |
Summary: Newark housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
Newark | $1.1M | $1.2M | +9.6% |
Fremont | $1.3M | $1.4M | +7.5% |
Housing Supply in Newark, CA
How many homes are available in Newark, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 81 | +15.7% |
Summary: The Newark real estate market had 81 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 7 | -41.7% |
3 Bedrooms | 31 | 39 | +25.8% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Newark housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Newark in April 2024, up by 26.7% month-over-month. Of the 38 sold homes, 5% were sold under asking, 3% were sold at asking, and 92% were sold over asking.
Days on Market for Newark, CA
How long does it take to sell a home in Newark, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 11 Days | +3.4% |
Summary: Homes in Newark had an average of 11 days on market in Apr 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Newark; 95% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.