Is Newbury Park, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newbury Park is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Newbury Park has remained a Seller's Market.

Key Takeaway

Newbury Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newbury Park, CA

How much do homes in Newbury Park, CA cost?

Median Sold Price

$1,002,316

$509/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$88,116(+9.6%)

Key Takeaway

Homes in Newbury Park have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Newbury Park was $1,002,316 in May 2024, up 9.6% from last year, and the median price per square foot was $509.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $483K$565K
+17.0%
3 $817.5K$869.4K
+6.4%
4 $1.0M$1.0M
+4.6%
5+ $1.4M$1.5M
+9.1%

Summary: Newbury Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Newbury Park
+9.6%
Thousand Oaks
+8.1%
Westlake Village
+7.0%

Housing Supply in Newbury Park, CA

How many homes are available in Newbury Park, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
90104+15.6%

Summary: The Newbury Park real estate market had 104 homes for sale in May 2024, a 15.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 2229
+31.8%
4 4243
+2.4%
5+ 1826
+44.4%

Summary: The Newbury Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2733+22.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newbury Park, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Newbury Park in May 2024, up by 22.2% month-over-month. Of the 33 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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

May 2023May 2024CHANGE
38 Days35 Days-7.5%

Summary: Homes in Newbury Park had an average of 35 days on market in May 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newbury Park are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 33 homes were sold in Newbury Park; 61% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in Newbury Park, CA

Nearby Markets to Newbury Park, CA

What housing markets are near Newbury Park, CA?