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Newark Real Estate Sales Data for All Home Types in Dec 2018

Median Sales Price
$893,975
Dec 2017 (YOY)
$869,000 Uptrend 2.8%

Nov 2018 (MOM)
$836,500 Uptrend 6.4%
Avg Cost Per Foot
$564
Dec 2017 (YOY)
$559 Uptrend 0.9%

Nov 2018 (MOM)
$583 Downtrend -3.3%
Dec 2018 Dec 2017 Nov 2018
Total Sales 30 38 Downtrend -21.1% 36 Downtrend -16.7%
Average Sold Price $896,347 $863,760 Uptrend 3.8% $820,225 Uptrend 9.3%
Median DOM 24 10 Uptrend 140.0% 22 Uptrend 9.1%
Avg Listing/Sales Ratio 96% 105% Downtrend -8.5% 99% Downtrend -2.8%
The charts below represent the current state of the real estate market in Newark. I created these charts to answer the question I hear a lot, "How is the real estate market in Newark".

Market Sales Rate (All Home Types)

The market sales rate, or absorption rate is based on the total number of homes for sale, divided by the total sold in the same time period. This chart shows whether we are in a "buyers Market" or "Sellers Market".

Market Price trends (All Home Types)

The market price trend chart shows the median selling prices over time.

All Home Types Market Activity - Monthly Active, Pending and Sold Activity

The market inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each montha and sold each month.
Date Median Price DOM Avg $/sqft Sales Ratio
2018-12 $893,975 24 $564 96.33%
2018-11 $836,500 22 $583 99.15%
2018-10 $898,000 16 $639 99.95%
2018-09 $899,000 18 $619 101.20%
2018-08 $912,000 14 $639 105.53%
2018-07 $899,000 10 $645 106.90%
2018-06 $888,400 10 $657 110.58%
2018-05 $799,475 9 $655 108.68%
2018-04 $879,888 7 $690 115.45%
2018-03 $849,888 8 $676 115.27%
2018-02 $784,500 8 $645 115.19%
2018-01 $799,444 10 $612 107.35%
2017-12 $869,000 10 $559 105.28%

Complete Residential Inventory

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 5 $529,000 $540,590 887 $640 $614
3 4 $885,994 $859,967 1,512 $575 $566
4 1 $1,075,880 $1,075,880 2,018 $533 $533
all 10 $634,000 $721,870 1,250 $575 $587
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
2 5 $529,000
3 4 $885,994
4 1 $1,075,880
all 10 $634,000

Detached

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 3 $815,000 $876,296 1,291 $717 $686
3 35 $859,950 $887,969 1,326 $668 $687
4 18 $1,040,000 $1,084,293 1,867 $580 $590
5 6 $1,145,500 $1,164,648 2,302 $476 $513
all 62 $927,944 $971,177 1,576 $638 $642
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
2 3 $815,000
3 35 $859,950
4 18 $1,040,000
5 6 $1,145,500
all 62 $927,944

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
4 1 $873,000 $873,000 1,758 $496 $497
all 1 $873,000 $873,000 1,758 $496 $497
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
4 1 $873,000
all 1 $873,000

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
3 3 $759,000 $789,333 1,514 $524 $522
all 3 $759,000 $789,333 1,514 $524 $522
This is a condensed table. Please view this website on a larger screen to see full details
Bedrooms Active Listings Median Price
3 3 $759,000
all 3 $759,000

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,192,000 2,100 43 1995 2 19 Most Expensive 25% of properties
Upper/Second $975,000 1,601 18 1976 3 19 Upper-middle 25% of properties
Lower/Third $850,000 1,345 10 1971 6 19 Lower-middle 25% of properties
Bottom/Fourth $740,000 1,086 72 1966 1 19 Least expensive 25% of properties
This is a condensed table. Please view this website on a larger screen to see full details
Quartile Median Price Total Listings
Top/First $1,192,000 19
Upper/Second $975,000 19
Lower/Third $850,000 19
Bottom/Fourth $740,000 19
Intero Real Estate Services, Inc.
a Berkshire Hathaway affiliate

5960 Stoneridge Dr
Pleasanton, CA 94588
Phone: 888.422.9991
Email: trangsf@gmail.com
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Newark homes for sale

75

12 New | 0 REO
3 Price Change | 0 Back on Market
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