07108 Home Values & Market Trends
There are 116 homes currently listed for 07108. 07108 real estate market trends show that home prices range from $50,000 to $875,000, and the median sales price in the 07108 zip code is $447,471. The total number of properties sold within the past twelve months is 182. In 07108, 101 properties are in foreclosure, 3 are bank owned properties,and 9 are headed for auction.
07108 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Newark | $ 423,243 $ 271/sqft |
Housing Market Summary for 07108
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $567K | $452.3K | -20.23% |
| Median Sold Price | $583.6K | $452.3K | -22.50% |
| Homes For Sale | 59 | 109 | 84.75% |
| Homes Sold | 92 | 79 | -14.13% |
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 $447,471. A total of 116 properties are for sale, and the percentage of properties for sale in the zip code is 53.46%. The total count of 07108 properties is 2,741.
- Pre-ForeclosurePre-foreclosure homes account for 3.25% of all residential properties in 07108 with Newark containing 637 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 $902,316 in Newark to the lowest home value of $150,000 in Newark.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07108 ranges from the highest value of $677,721 in Newark to the lowest value of $268,215 in Newark. Bank owned homes and properties account for 0.11% of properties in 07108. There is 1 cities within 07108; Newark containing 10 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsNewark has 75 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 0.33% 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 $823,158 in Newark to the lowest value of $199,999 in Newark.