Is Newhall, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newhall is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Newhall, CA

How much do homes in Newhall, CA cost?

Median Sold Price

$790,000

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$40,338(+5.4%)

Key Takeaway

Homes in Newhall have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Newhall was $790,000 in June 2024, up 5.4% from last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $393.7K$393.7K
0.0%
2 $499.9K$530K
+6.0%
3 $710.7K$750K
+5.5%
4 $849.9K$900K
+5.9%
5+ $1.1M$1.1M
+6.4%

Summary: Newhall 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 6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Santa Clarita
+6.6%
Castaic
+5.5%
Newhall
+5.4%
North Antelope Valley
+5.4%

Housing Supply in Newhall, CA

How many homes are available in Newhall, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8168160.0%

Summary: The Newhall real estate market had 816 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1821
+16.7%
2 157156
-0.6%
3 292292
0.0%
4 221217
-1.8%
5+ 128130
+1.6%

Summary: The Newhall housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 1.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
234203-13.2%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

99 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newhall, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 203 homes were sold or pending in Newhall in June 2024, down by 13.2% month-over-month. Of the 203 sold homes, 29% were sold under asking, 22% were sold at asking, and 49% were sold over asking.

Days on Market for Newhall, CA

How long does it take to sell a home in Newhall, CA?

Average Sale Time

Jun 2023Jun 2024CHANGE
20 Days28 Days+42.0%

Summary: Homes in Newhall had an average of 28 days on market in Jun 2024, up by 42% compared to last year.

Breakdown of Home Sale Times

139 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 203 homes were sold in Newhall; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

Newest Listings in Newhall, CA

Nearby Markets to Newhall, CA

What housing markets are near Newhall, CA?