Newark Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
2.4% YoY
Median Price/Sqft
6.1% YoY
No. of Transactions
-20.1% YoY
County Median Sale Price
0% YoY
In Q3, the median home sale price in Newark was $1.3M, a change of 2.4% year-over-year. There were a total of 115 transactions, down -20.1% compared to the same period last year. In Q3, the median price per square foot was $795, a change of 6.1% year-over-year. The median home sale price in Alameda County was $1M.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Alameda County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Piedmont | $2,007,500 |
| 2 | Pleasanton | $1,588,000 |
| 3 | Fremont | $1,432,500 |
| 4 | Berkeley | $1,340,000 |
| 5 | Dublin | $1,308,000 |
| 6 | Newark | $1,275,000 |
| 7 | Union City | $1,225,000 |
| 8 | Albany | $1,130,000 |
| 9 | Livermore | $1,127,000 |
| 10 | Alameda | $1,110,000 |
| 11 | Castro Valley | $1,100,000 |
| 12 | Hayward | $860,000 |
| 13 | San Leandro | $825,000 |
| 14 | San Lorenzo | $820,000 |
| 15 | Oakland | $772,500 |
| 16 | Emeryville | $657,500 |
Residential Property Types Sold in Newark
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $1M | 52.4% | $672 | 9.1% | 23 |
| House | $1.3M | 1.2% | $865 | 4.7% | 92 |
In Q3, the median sale price for houses in Newark was $1.3M, showing no significant change year-over-year. Newark condos on the other hand, showed positive pricing trends, gaining 52.4% year-over-year. As a result, the Q3 median sale price for condos in Newark reached $1M.
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