Is Newbury Park, 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, 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
$967,250
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newbury Park have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Newbury Park was $967,250 in March 2024, up 2.4% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $507.5K | $570K | +12.3% |
| 3 Bedrooms | $820K | $850K | +3.7% |
| 4 Bedrooms | $1.0M | $1.0M | +1.2% |
| 5+ Bedrooms | $1.3M | $1.5M | +10.5% |
Summary: Newbury Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Thousand Oaks | $1.0M | $1.0M | +4.6% |
| Westlake Village | $1.4M | $1.4M | +3.1% |
| Newbury Park | $944.9K | $967.2K | +2.4% |
| Triunfo Pass-Point Mugu | $3.9M | $3.8M | -4.4% |
Housing Supply in Newbury Park, CA
How many homes are available in Newbury Park, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 81 | +8.0% |
Summary: The Newbury Park real estate market had 81 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Newbury Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newbury Park, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Newbury Park in March 2024, the same as the previous month. Of the 23 sold homes, 30% were sold under asking, 4% were sold at asking, and 65% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 38 Days | -16.9% |
Summary: Homes in Newbury Park had an average of 38 days on market in Mar 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newbury Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Newbury Park; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% 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.