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Featured local agent — Newcastle, WA
Sarah Mitchell
Compass Real Estate · Newcastle, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Newcastle, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.30Mmedian sale price
How is the Newcastle, WA housing market right now?
The median home sale price in Newcastle, WA is $1.30M, down 34.8% year-over-year. Homes sell in an average of 39 days with 51 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Newcastle a buyer's or seller's market?
Newcastle, WA is currently a seller's market, based on 2.6 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
39
Average pace
Active listings
51
2.6 months supply
Sale-to-list
100.5%
Above asking
What does the Newcastle housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.30M |
| Median list price | $1.30M |
| Year-over-year price change | -34.8% |
| Average days on market | 39 days |
| Active inventory | 51 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $538/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 25 |
| Listings with a price cut | 27.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Newcastle by property type?
How the Newcastle, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.34M | $543/sq ft | 18 | 39 days |
| Condo / Co-op | $385,000 | $418/sq ft | 1 | 96 days |
| Townhouse | $1.04M | $537/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Newcastle housing market is currently classified as a seller's market with a median sale price of $1.30M. Prices have fallen 34.8% compared to last year, with homes spending an average of 39 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.6x provides context for how home values compare to local earning capacity.
Homes for sale in Newcastle
There are currently 51 homes listed for sale in Newcastle, Washington. The median listing price is $1.3M.
Active listings
51
Homes on market
Median list price
$1.3M
Avg. days on market
39
Days until sale
New this week
25
Newly listed
Who lives in Newcastle?
Population
12,945
Median income
$162,646/yr
Median age
37.4 years
Owner-occupied
63.6%
College grads
71.1%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Newcastle?
Zillow home value
$1.40M
Zillow rent index
$2,320/mo
Price-to-rent ratio
50.2x
Price-to-income
8.6x
Source: Zillow Research
What is it like to live in Newcastle?
Newcastle is a community of approximately 13K residents with a median age of 37.4 years.The median household income is $162,646, which reflects a relatively affluent area with strong earning potential. 71.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.6%, showing a blend of owner and renter-occupied properties. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Newcastle offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Newcastle?
3 schools tracked · 1,683 students
The largest public schools serving Newcastle, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Vera Risdon Middle School
Grades 6-8 · 761 students
Hazelwood Elementary School
Grades K-5 · 462 students
Newcastle Elementary School
Grades K-5 · 460 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Newcastle, WA?
Want a head-to-head view? Compare Newcastle side-by-side with any other U.S. city using our market-comparison tool.
Is Newcastle a good real estate investment market?
For investors evaluating Newcastle, the price-to-rent ratio of 50.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 34.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Newcastle's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Newcastle's median home price.
Frequently asked questions
What is the average home price in Newcastle?
The median home sale price in Newcastle is $1.30M, down 34.8% from last year.
How long do homes stay on market in Newcastle?
Homes typically spend 39 days on market before going under contract.
What is the median income in Newcastle?
The median household income is $162,646 per year.
Is Newcastle a buyer's or seller's market?
With 2.6 months of supply, Newcastle is currently a seller's market.
What is the Zillow home value estimate for Newcastle?
The Zillow Home Value Index (ZHVI) for Newcastle is $1.40M, representing the typical home value in the area.
What is the median condo price in Newcastle?
The median condo/co-op sale price in Newcastle, WA is $385,000, compared to $1.34M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Newcastle?
The median single-family home price in Newcastle, WA is $1.34M (about $543 per square foot).
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