Is Newberry Springs, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newberry Springs has remained a Buyer's Market.
Key Takeaway
Newberry Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newberry Springs, CA
How much do homes in Newberry Springs, CA cost?
Median Sold Price
$142,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newberry Springs have sold for 39.6% less than they did a year ago.
Summary: The median home sold price in Newberry Springs was $142,000 in March 2024, down 39.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $93K | +43.1% |
| 2 Bedrooms | $220K | $100K | -54.5% |
| 3 Bedrooms | $260K | $221K | -15.0% |
| 4 Bedrooms | $286.5K | $208.5K | -27.2% |
| 5+ Bedrooms | $208K | $385K | +85.1% |
Summary: Newberry Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.1%, 2 bedroom homes decreased by 54.5%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 27.2%, and 5+ bedroom homes increased by 85.1%.
Median Sold Price Compared To Nearby Cities
| Twentynine Palms-Yucca Valley | $353K | $335.2K | -5.0% |
| Newberry Springs | $235.2K | $142K | -39.6% |
Housing Supply in Newberry Springs, CA
How many homes are available in Newberry Springs, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Newberry Springs real estate market had 25 homes for sale in March 2024, a 7.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Newberry Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newberry Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Newberry Springs in March 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Newberry Springs, CA
How long does it take to sell a home in Newberry Springs, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 104 Days | 20 Days | -80.8% |
Summary: Homes in Newberry Springs had an average of 20 days on market in Mar 2024, down by 80.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newberry Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Newberry Springs; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.