Newark has 57 buyable houses and townhomes on Wednesday, the same as a day earlier, and 17 are in contract, one fewer. The median asking price for homes on the market held at $1,249,900, at $737 a square foot, and the typical home has been listed 35 days.
30 Year Fixed
7.30%
up 0.12, Mortgage News Daily
Houses and townhomes buyable
57
47 active, 3 newly listed, 7 coming soon
Median asking
$1,249,900
homes on the market, 35 median days on market
Under contract
17
down one from a day earlier
Rates jumped after the inflation report
Consumer prices rose 0.4% in October, above the 0.3% economists expected, and Mortgage News Daily's 30-year average jumped 0.12 to 7.30%. On Newark's $1,249,900 median asking price with 20% down, principal and interest come to about $6,855 a month before taxes and insurance, about $81 more than at 7.18%. The bond market is closed for Veterans Day, so the next rate reading may wait until tomorrow.
If you are ready to lock, talk with your lender about locking now or floating. For veterans, Mortgage News Daily's 30-year VA average is 6.90%, 0.40 below the conventional rate. If you are selling, price to today's market.
If you are looking, Harv Balu and Liliana Mayen will send you every home that fits your search.
Based on information from the Bay East Association of REALTORS® (Bay East MLS) as of 11/11/26. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Single family homes and townhomes in Newark, CA 94560.
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