Newark, CA Home Values & Market Trends
Real estate market trends reflect that there have been 380 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $1,209,586.86. The number of current listings in Newark is 9, and the percentage of properties for sale in the city is 9.00%. Newark, CA currently has 17 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 9 properties for sale.
Newark, CA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 94560 | $ 1,203,000 $ 792/sqft |
Housing Market Summary for Newark, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.1M | $1.2M | 8.78% |
| Median Sold Price | $1.1M | $1.2M | 5.05% |
| Homes For Sale | 6 | 10 | 66.67% |
| Homes Sold | 245 | 248 | 1.22% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Newark, CA
Browse Homes in Newark, CA
Newark home values range from $157,502 to $3,026,979. The median estimated value of a home in Newark is $1,209,586.86. The median list price of a home is 1,000,000, and the total count of properties in the city is 12,206.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in Newark, CA with 94560 containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Newark, CA; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,898,000 in 94560 to the lowest home value of $648,000 in 94560.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, CA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Newark, CA. There is 1 zips within Newark, CA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions94560 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Newark, CA. Auction homes and other auction properties account for 0.02% of all properties in Newark, CA. There is 1 zips within Newark, CA; of that zips, the median estimated home value for homes going to auction ranges from $1,759,500 in 94560 to the lowest value of $944,250 in 94560.
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Guide for Newark, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
