Newark Home Prices
· Single-family homes · MLS sold data
Newark's average sold price for single-family homes was $1,410,394 over the last three months, down 3.8% compared with three months ago and down 10.3% over six months. Homes sold 0.5% over asking on average, at $791 per square foot, across 70 sales. That's the 24th highest average price of the 29 Bay Area cities on the map. Homes that sold here averaged 1,780 sq ft on lots averaging 5,973 sq ft over the last six months.
Avg sold price · 3 mo
$1,410,394
24th highest of 29 cities
Price change · 3 mo
−3.8%
1 mo −1.7% · 6 mo −10.3%
Over asking · 3 mo
+0.5%
29-city average +6.2%
$ / sq ft · 3 mo
$791
29-city average $1,064
Homes sold · 3 mo
70
single-family sales
Avg home size · 6 mo
1,780 sf
on 5,973 sf lots
3-month price changeBeyond -5%-3 to -5%-1 to -3%Within 1%+1 to +3%+3 to +5%Beyond +5%Not in the table
Newark vs. Nearby Cities
| City | Avg sold price | 3-mo | $ / sq ft | Over asking |
|---|---|---|---|---|
| Newark | $1,410,394 | −3.8% | $791 | +0.5% |
| Fremont | $1,860,408 | −8.6% | $1,038 | +2.4% |
| Union City | $1,376,795 | −4.0% | $744 | +0.1% |
| Palo Alto | $4,771,772 | −5.3% | $2,310 | +6.9% |
| Atherton | $14,745,000 | +17.0% | $2,705 | +6.1% |
Questions About Newark Home Prices
What is the average home price in Newark?
$1,410,394 for a single-family home, or $791 per square foot, averaged over 70 sales in the last three months. That ranks 24th of the 29 cities on the map, on the more affordable side. Over the last six months, the average home that sold had 1,780 sq ft of living space.
Are prices going up or down?
Down lately. The average sold price fell 1.7% from last month and is 3.8% below where it was three months ago. Over six months it's down 10.3%, so this isn't just a one-month blip.
Are homes selling over asking?
Close to asking. Homes sold 0.5% over asking on average, compared with 6.2% across all 29 cities, so offers tend to land close to list.
Where does this data come from?
These numbers come from MLS sold data for detached single-family homes, so condos and townhomes aren't included. Josh Uy, a Bay Area Realtor with Everhome Real Estate (DRE 01952401), compiles them every month for his Bay Area Market Snapshot.
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Home Prices in Other Bay Area Cities
SF & Peninsula
AthertonFoster CityHillsboroughLos AltosLos Altos HillsPacificaPalo AltoSan FranciscoSan MateoSouth San Francisco
East & South Bay
CampbellCupertinoDublinFremontHaywardLivermoreLos GatosMilpitasMorgan HillMountain ViewOaklandPleasantonSan JoseSan RamonSanta ClaraSaratogaSunnyvaleUnion City
Avg sold price, % over asking, $/sq ft and homes sold cover the last 3 months. Avg home and lot size cover the last 6 months. Price changes compare the 3-month avg sold price with the same figure 1, 3 and 6 months earlier. Single-family homes only.
Source: MLS sold data via Josh's Bay Area Market Snapshot. Updated monthly by Josh Uy. See Bay Area home prices by city on the heat map