Is Newberry Springs-Baker, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newberry Springs-Baker is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Newberry Springs-Baker was a Buyer's Market.

Key Takeaway

Newberry Springs-Baker is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newberry Springs-Baker, CA

How much do homes in Newberry Springs-Baker, CA cost?

Median Sold Price

$284,500

$189/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$80,500(-22.1%)

Key Takeaway

Homes in Newberry Springs-Baker have sold for 22.1% less than they did a month ago.

Summary: The median home sold price in Newberry Springs-Baker was $284,500 in October 2024, down 22.1% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$135K
N/A
2 --
N/A
3 $365K$300K
-17.8%
4 --
N/A
5+ --
N/A

Summary: Newberry Springs-Baker housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Newberry Springs-Baker
-22.1%
Newberry Springs
-22.1%

Housing Supply in Newberry Springs-Baker, CA

How many homes are available in Newberry Springs-Baker, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The Newberry Springs-Baker real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 77
0.0%
3 109
-10.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Newberry Springs-Baker housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newberry Springs-Baker, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Newberry Springs-Baker in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Newberry Springs-Baker, CA

How long does it take to sell a home in Newberry Springs-Baker, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
100 Days115 Days+15.0%

Summary: Homes in Newberry Springs-Baker had an average of 115 days on market in Oct 2024, up by 15% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Newberry Springs-Baker are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Newberry Springs-Baker; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

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