Is Newhall, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newhall has remained a Seller's Market.
Key Takeaway
Newhall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newhall, CA
How much do homes in Newhall, CA cost?
Median Sold Price
$785,300
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newhall have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Newhall was $785,300 in May 2024, up 4.7% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $392.5K | -0.6% |
| 2 Bedrooms | $505.5K | $528.3K | +4.5% |
| 3 Bedrooms | $717.2K | $743.9K | +3.7% |
| 4 Bedrooms | $850K | $899.9K | +5.9% |
| 5+ Bedrooms | $1.1M | $1.1M | +4.4% |
Summary: Newhall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Castaic | $764K | $811.2K | +6.2% |
| Santa Clarita | $730.8K | $775K | +6.0% |
| Newhall | $750K | $785.3K | +4.7% |
| North Antelope Valley | $434.9K | $455K | +4.6% |
| Lake Hughes | $395K | $410K | +3.8% |
Housing Supply in Newhall, CA
How many homes are available in Newhall, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 788 | 780 | -1.0% |
Summary: The Newhall real estate market had 780 homes for sale in May 2024, a 1.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 18 | +80.0% |
| 2 Bedrooms | 140 | 152 | +8.6% |
| 3 Bedrooms | 279 | 271 | -2.9% |
| 4 Bedrooms | 227 | 212 | -6.6% |
| 5+ Bedrooms | 132 | 127 | -3.8% |
Summary: The Newhall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 207 | 224 | +8.2% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
123 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newhall, you could pay more than the asking price. 54.9% of homes here sold above asking price last month.
Summary: A total of 224 homes were sold or pending in Newhall in May 2024, up by 8.2% month-over-month. Of the 224 sold homes, 28% were sold under asking, 17% were sold at asking, and 55% were sold over asking.
Days on Market for Newhall, CA
How long does it take to sell a home in Newhall, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +2.1% |
Summary: Homes in Newhall had an average of 25 days on market in May 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
167 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newhall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 224 homes were sold in Newhall; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.