07108 Home Values & Market Trends
There are 91 homes currently listed for 07108. 07108 real estate market trends show that home prices range from $50,000 to $985,000, and the median sales price in the 07108 zip code is $542,512.02. The total number of properties sold within the past twelve months is 183. In 07108, 87 properties are in foreclosure, 1 are bank owned properties,and 5 are headed for auction.
07108 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Newark | $ 497,800 $ 259/sqft |
Housing Market Summary for 07108
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $450K | $557K | 23.77% |
| Median Sold Price | $536K | $557K | 3.90% |
| Homes For Sale | 11 | 86 | 681.82% |
| Homes Sold | 104 | 83 | -20.19% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07108
Browse Homes in 07108
The median list price of a home in Newark, is $542,512.02. A total of 91 properties are for sale, and the percentage of properties for sale in the zip code is 51.12%. The total count of 07108 properties is 2,813.
- Pre-ForeclosurePre-foreclosure homes account for 2.88% of all residential properties in 07108 with Newark containing 602 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07108; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,509,000 in Newark to the lowest home value of $239,100 in Newark.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07108 ranges from the highest value of $1,008,000 in Newark to the lowest value of $352,900 in Newark. Bank owned homes and properties account for 0.04% of properties in 07108. There is 1 cities within 07108; Newark containing 11 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsNewark has 39 auction properties, the highest number of properties going to auction in a single city in the state of 07108. Auction homes and other auction properties account for 0.18% of all properties in 07108. There is 1 cities within 07108; of that cities, the median estimated home value for homes going to auction ranges from $1,052,000 in Newark to the lowest value of $323,400 in Newark.