Is Newbury Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Newbury Park has remained a Seller's Market.
Housing Prices in Newbury Park, CA
How much do homes in Newbury Park, CA cost?
Median Sold Price
$961,555
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Newbury Park was $961,555 in February 2024, up 1.8% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $525K | $560K | +6.7% |
3 Bedrooms | $830K | $835K | +0.6% |
4 Bedrooms | $1.0M | $1.0M | +1.4% |
5+ Bedrooms | $1.3M | $1.4M | +10.9% |
Summary: Newbury Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.0% |
Newbury Park | $944.9K | $961.5K | +1.8% |
Westlake Village | $1.4M | $1.4M | +0.8% |
Triunfo Pass-Point Mugu | $4.5M | $2.9M | -33.7% |
Housing Supply in Newbury Park, CA
How many homes are available in Newbury Park, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 71 | +26.8% |
Summary: The Newbury Park real estate market had 71 homes for sale in February 2024, a 26.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 24 | 32 | +33.3% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Newbury Park 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 remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Newbury Park in February 2024, up by 53.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for Newbury Park, CA
How long does it take to sell a home in Newbury Park, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 38 Days | -5.5% |
Summary: Homes in Newbury Park had an average of 38 days on market in Feb 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 23 homes were sold in Newbury Park; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.