Newark Real Estate Market Report, August 2026: The Median Jumped, and Price per Foot Fell Again

Newark's headline number jumped in August 2026. The median single-family sale closed at $1,465,000, up 10.6% from July. If that were the only figure in the report, it would read like a strong month for sellers.

It is not the only figure. In the same month, the median price per square foot on closed sales fell 10.7%, its third straight monthly drop. Closed sales averaged 99.4% of list price, just under asking, and the homes that closed had spent a median of 27 days on market, up from 18. Meanwhile, the contracts written during August came together faster than July's. Those figures tell different stories, and together they matter more than the headline if you are about to buy or sell here.

Here is the complete picture, recreated from the Bay East Association of REALTORS® and RPR market-trends data for Newark as a whole, with a free branded PDF you can download and keep at the end.

August 2026 at a glance

Newark, CA, Single Family Residence, citywide. Median sold price $1,465,000, Sold-to-list 99.4%, Median 27 days on market, 2.23 months of inventory, 23 closed sales, Median estimated value $1,360,150

The interactive dashboard below walks through every number: the median sold price, the months-of-supply dial, how price and value moved apart, the full metric grid, and this month's supply and demand by stage.

The median jumped, and price per foot fell for a third straight month

The median sold price rose to $1,465,000, up 10.6% from July. Read on its own, that sounds like Newark repricing sharply upward.

The median sold price per square foot fell to $708, down 10.7%. Read on its own, that sounds like the opposite.

Both are correct. The median sold price reports the middle sale of the month and nothing more, so it moves whenever the *kind* of home selling changes. Price per square foot only partly adjusts for size, because larger homes usually sell for less per foot. A month in which bigger homes close therefore tends to push the median up and the median price per foot down at the same time, which is exactly August's pattern. The most likely explanation is that August's closings skewed toward larger homes. The report does not break out home size, so that is a reading of the figures, not a measurement.

A third number from the same report points the same way. RPR's median estimated value for Newark single-family homes was $1,360,150, down 0.9% from July and down 3% from a year ago. That is a model estimate, not an appraisal, but it covers Newark's single-family homes as a whole rather than only the 23 that happened to close, and it did not rise.

Here is the part the mix explanation does not cover. Price per foot has now fallen three months running: $874 in June (down 3.9%), $793 in July (down 9.3%, see last month's Newark report), and $708 in August (down 10.7%). A mix of larger homes can explain one month's jump in the median. Three consecutive monthly drops in the median paid per foot are worth watching on their own, even with a sample this small.

This is why I never quote one month's median as the value of your home. It describes what sold, not what yours is worth.

Closed sales slowed, while new contracts sped up

The August data moves in two directions at once, depending on which homes you look at.

The homes that closed in August had spent a median of 27 days on market before going under contract, up 50% from 18 in July. They closed at 99.4% of list price on average, down from 101.6% in July and 102.3% in June. That is an average across 23 closed sales, so it does not mean the typical home sold under asking. My read is that buyers were negotiating harder on the homes that closed, and sellers were accepting it.

The contracts written during August came together faster. The homes that went into contract during the month did it in a median of 18 days, down 25% from July, and the homes still active at month end had been listed a median of 23 days, down 28.1%. So half of the homes that found a buyer in August did it in under three weeks.

Escrow usually runs about a month, so many of the homes that closed in August went into contract in July. The closed figures lean toward July's contracts, and the new-contract figures describe August's. Put together, low supply still gives Newark sellers the structural edge, and buyers had more time to decide and more room to negotiate than they did in July, at least on the homes that closed.

Buyers were signing again, even as closings fell

The pipeline tells its own story this month:

• 39 new listings came on the market, up 18.2% from July
• 49 homes were active at the end of the month, down 12.5%
• 24 homes went into contract during August, up 26.3%
• 27 homes were pending at month end, unchanged
• 23 homes closed, down 25.8%

Closings dropped, but new contracts rose faster than new listings, and the pool of active homes shrank. Fewer homes closed in August, while more buyers committed during it.

One more detail is worth noting. The homes now in contract carry a median list price of $1,399,999, and the ones that went pending during August a median of $1,372,500. Both sit below August's $1,465,000 closed median, which is one more reason not to read that closed median as Newark's new normal.

Supply is tighter than July, and looser than a year ago

Months of inventory finished August at 2.23, down 8.2% from July. One note on that comparison: last month's report published July at 2.17 months of supply and 50 active listings, and RPR has since restated July's listing data as later records arrived. This report's 8.2% drop implies a revised July of about 2.43 months, and its 12.5% drop in active listings implies about 56 homes. Every change in this post is measured against RPR's revised July, not the figures first published. Measured that way, it is a real month-over-month tightening.

The year-over-year number points the other way. Supply is 14.4% higher than it was in August 2025, and on the report's five-year chart it sits high in its range, below the five-year peak of roughly 2.74 months plotted for June 2026. Measured against its average pace of new contracts over the prior twelve months, Newark carried more supply than this in only about eight months of the last five years, and four of those came this April through July.

That still leaves Newark inside seller's territory. The long-standing convention holds that roughly six months of supply marks a balanced market, and 2.23 months is far from it. What has changed is the margin, and the closed-sale figures above show it.

Where August sits in a five-year view

Context matters more than any single month. Measured against the plotted five-year trend in the source report, from August 2021 through August 2026:

• Median sold price has ranged from roughly $1,085,000 to $1,846,000. The top of that range is a single thin month, January 2024, with only a handful of sales, so August's $1,465,000 sits among the higher readings of the last five years.
• Sold price per square foot has ranged from roughly $686 to $1,007. August's $708 sits near the bottom.
• Sold to list price has ranged from roughly 96.5% to 117.8%. August's 99.4% is near the low end, and far below the bidding-war highs of early 2022.
• Months of supply has ranged from roughly 0.35 to 2.74. August's 2.23 sits high in that range, below the June 2026 peak.

Those band edges are approximate, read from the plotted five-year series in the source report. Each current value is exact.

What this means if you are selling in Newark

Price it right on day one. The homes that went into contract in August did it in a median of 18 days. That first stretch is when every active buyer with a saved search sees your home for the first time. In my experience, a list price above what comparable homes are going into contract at spends that window, and it is hard to win back. I laid out why in the overpricing trap.

Expect a negotiation. August sales closed at 99.4% of list price on average, a little under asking rather than over it. That is an average across 23 sales, so some individual homes may still have sold above list. Build a realistic floor into your plan before the offers arrive, and decide in advance which terms matter more to you than the last few thousand dollars.

Your number comes from your street, not the median. A $1,465,000 citywide median that jumped 10.6% on 23 sales is not a value for your home. The homes that sold near you, at your size and condition, are.

What this means if you are buying in Newark

You have a little more leverage than the supply number suggests. At 2.23 months of supply, Newark is still a seller's market on paper. In practice, August closings averaged just under list, and the homes that closed had spent nearly four weeks on market. That suggests room to negotiate on price. The report does not track repairs or terms, but in a month like this they are worth raising too.

The homes that do sell are still moving. New contracts rose 26.3%, and half of the homes that went pending in August did so within 18 days. If a home is priced in line with its neighbors and shows well, expect other buyers to notice it too.

Rates are part of the math. The Fed moved on September 16, and I walked through what the Fed's first rate hike since 2023 means for Bay Area buyers, including what it did and did not do to mortgage rates.

How Newark compares with nearby cities

Newark was not alone in August. Union City's August median jumped 10.5% to $1,450,000 while its price per foot fell, and Hayward's August median rose 5.6% to $935,000 while its price per foot fell 8.2%. Three nearby cities showing the same shape in the same month suggests an area-wide pattern in which homes sold, not a Newark-only story. That does not settle Newark's third straight drop in price per foot, which is still worth watching. Neighborhoods, lot sizes and housing stock differ a great deal across those lines, so the comparison is about direction, not like-for-like homes. For more on Newark itself, from Old Town to the neighborhoods around Lakeshore Park, see my Newark city guide.

Thinking about a move in Newark?

A market report tells the story of the whole city. To know what it means for your specific home or your next purchase, let's talk. I will put together a true, address-specific opinion of value based on the homes actually selling near you, with no pressure and no obligation. Call or text me at (510) 600-3425, or email homes@HarvRealtor.com.

Harv Balu, REALTOR®

• Cell / Text: (510) 600-3425
• Email: homes@HarvRealtor.com
• Web: HarvRealtor.com
• REALTY EXPERTS® · 41051 Mission Blvd, Fremont, CA 94539 · DRE #02195792

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Disclosures & Disclaimers

Based on information from the Bay East Association of REALTORS® and Realtors Property Resource® (RPR®) market-trends report for Newark, California, Single Family Residence, citywide, dated September 24, 2026, with data through August 2026. All figures describe the Newark single-family market as a whole at every size and condition, not condominiums or townhomes, and not any individual property. Properties may or may not be listed by the office or agent presenting this information.

Figures are deemed reliable but not guaranteed, are subject to revision by the source, and are not a prediction of future value. RPR revises prior months as late data arrives, so the July baselines inside this report can differ from the figures the July report published; every month-over-month change here is the one this report calculated. The June and July price per foot figures are the ones those months' own reports published. Five-year ranges and the count of higher-supply months are approximate, read from the plotted trend charts in the source report; each current value is exact. The median estimated value is an automated model estimate, not a formal appraisal. Nothing here is an appraisal or a valuation of any specific property. Harv Balu is a licensed REALTOR®, not a lender, attorney, or CPA, and does not provide legal, tax, or lending advice. This is not intended as a solicitation if your property is currently listed with another broker.

About the image: "Aerial view of Fremont, California and Newark, California in 2021" by Alfred Twu, CC0, via Wikimedia Commons, looking east over Newark and Fremont toward the Mission Hills, with the salt ponds at right. Cropped. No property shown is a listing.

Equal Housing Opportunity. Harv Balu, CA DRE #02195792. REALTY EXPERTS® (CA DRE #00414413) is independently owned and operated. © 2026 Harv Balu, REALTY EXPERTS®.