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

Housing Market Conditions



Gauge showing Newark is a seller's market


Difference Since February 2023

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.

Housing Prices in Newark, CA

How much do homes in Newark, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Newark have sold for 2% more than they did a year ago.

Summary: The median home sold price in Newark was $1,200,000 in February 2024, up 2% from last year, and the median price per square foot was $758.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $473K$478K
2 $650K$665K
3 $1.1M$1.1M
4 $1.3M$1.3M
5+ $2.0M$1.7M

Summary: Newark housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Newark, CA

How many homes are available in Newark, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Newark real estate market had 57 homes for sale in February 2024, a 42.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 813
3 1824
4 1316
5+ 03

Summary: The Newark housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newark, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Newark in February 2024, up by 214.3% month-over-month. Of the 21 sold homes, 10% were sold under asking, 5% were sold at asking, and 86% 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

Feb 2023Feb 2024CHANGE
18 Days13 Days-22.5%

Summary: Homes in Newark had an average of 13 days on market in Feb 2024, down by 22.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During February 2024, 22 homes were sold in Newark; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Newark, CA

Nearby Markets to Newark, CA

What housing markets are near Newark, CA?