Is Newberry Springs, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newberry Springs is a buyer's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Newberry Springs was a Seller'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.

How much do homes in Newberry Springs, CA cost?

Median Sold Price

$258,250

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$48,250(+23.0%)

Key Takeaway

Homes in Newberry Springs have sold for 23% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $145K$45K
-69.0%
2 $114.9K$175K
+52.3%
3 $205K$259K
+26.3%
4 $1.0M$344K
-65.6%
5+ $784.5K-
N/A

Median Sold Price Compared To Nearby Cities

Newberry Springs
+23.0%
Daggett
-31.8%

How many homes are available in Newberry Springs, CA?

Number of Homes For Sale

Apr 2022May 2022%
2527+8.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 68
+33.3%
3 1111
0.0%
4 55
0.0%
5+ 22
0.0%

Number of Homes Sold

Apr 2022May 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

May 2021May 2022%
35 Days230 Days+547.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Newberry Springs are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Newberry Springs, CA

Newberry Springs, CA has 27 homes for sale to choose from. The inventory of homes for sale in Newberry Springs, CA between April 2022 and May 2022 increased by 8%. While the average time on the market in May 2022 was 230 days, the median list price was $258,250. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 69%, prices of 2 bedrooms properties increased by 52.3%, prices of 3 bedrooms properties increased by 26.3%, prices of 4 bedrooms properties decreased by 65.6%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 33.3%, 3 bedrooms homes did not move, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes remained the same. While more than 0 listings in Newberry Springs, CA in May 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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