Is Newark, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newark is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Newark has remained a Seller's Market.

Key Takeaway

Newark is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Newark, CA cost?

Median Sold Price

$1,136,500

$722/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$114,000(+11.1%)

Key Takeaway

Homes in Newark have sold for 11.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $420K$458K
+9.0%
2 $594.9K$650K
+9.2%
3 $998K$1.1M
+10.2%
4 $1.2M$1.4M
+15.6%
5+ $1.4M$1.7M
+13.5%

Median Sold Price Compared To Nearby Cities

Fremont
+12.8%
Newark
+11.1%

How many homes are available in Newark, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
3127-12.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 73
-57.1%
3 1516
+6.7%
4 57
+40.0%
5+ 31
-66.7%

Number of Homes Sold

Aug 2022Sep 2022%
1512-20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newark, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days36 Days+135.9%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newark are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Newark, CA

Newark, CA has 27 homes for sale to choose from. The inventory of homes for sale in Newark, CA between August 2022 and September 2022 decreased by 12.9%. Listings spent 36 days on the market in September 2022, and had a median list price of $1,136,500 during the same period. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 9%, prices of 2 bedrooms properties increased by 9.2%, prices of 3 bedrooms properties went up by 10.2%, prices of 4 bedrooms properties went up by 15.6%, 5 bedrooms properties became 13.5% more expensive. This housing market inventory have changed: number of 1 bedroom homes decreased by 100%, 2 bedrooms homes inventory decreased by 57.1%, 3 bedrooms homes inventory increased by 6.7%, the quantity of 4 bedrooms homes went up by 40%, 5 bedrooms homes inventory decreased by 66.7%. While more than 2 listings in Newark, CA in September 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 7 were sold below.

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