Is Newbury Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$998,406
$510/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Newbury Park was $998,406 in June 2024, up 8% from last year, and the median price per square foot was $510.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $515K | N/A |
2 Bedrooms | $451.5K | $567.5K | +25.7% |
3 Bedrooms | $803.5K | $870K | +8.3% |
4 Bedrooms | $1.0M | $1.0M | +4.3% |
5+ Bedrooms | $1.4M | $1.5M | +5.4% |
Summary: Newbury Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Newbury Park | $924.2K | $998.4K | +8.0% |
Westlake Village | $1.3M | $1.4M | +7.9% |
Thousand Oaks | $1.0M | $1.0M | +7.4% |
Triunfo Pass-Point Mugu | $4.4M | $3.8M | -13.9% |
Housing Supply in Newbury Park, CA
How many homes are available in Newbury Park, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
106 | 120 | +13.2% |
Summary: The Newbury Park real estate market had 120 homes for sale in June 2024, a 13.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 29 | 38 | +31.0% |
4 Bedrooms | 47 | 44 | -6.4% |
5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The Newbury Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 31%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Newbury Park in June 2024, the same as the previous month. Of the 33 sold homes, 33% were sold under asking, 21% were sold at asking, and 45% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 29 Days | +4.8% |
Summary: Homes in Newbury Park had an average of 29 days on market in Jun 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 33 homes were sold in Newbury Park; 55% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.