Newark, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 1,381 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $482,520.06. The number of current listings in Newark is 858, and the percentage of properties for sale in the city is 54.27%. Newark, NJ currently has 723 properties in foreclosure, 28 bank owned properties, 75 properties headed for auction, and 858 properties for sale.
Newark, NJ Real Estate Market Overview
Housing Market Summary for Newark, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $349K | $472.7K | 35.46% |
| Median Sold Price | $549.5K | $472.7K | -13.96% |
| Homes For Sale | 85 | 851 | 901.18% |
| Homes Sold | 921 | 644 | -30.08% |
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 Newark, NJ
Browse Homes in Newark, NJ
Newark home values range from $48,500 to $7,594,777. The median estimated value of a home in Newark is $482,520.06. The median list price of a home is 499,000, and the total count of properties in the city is 30,763.
- Pre-ForeclosurePre-foreclosure homes account for 2.02% of all residential properties in Newark, NJ with 07106 containing 117 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 9 zips within Newark, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $931,882 in 07103 to the lowest home value of $150,000 in 07112.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, NJ ranges from the highest value of $841,194 in 07104 to the lowest value of $267,315 in 07108. Bank owned homes and properties account for 0.09% of properties in Newark, NJ. There are 9 zips within Newark, NJ; 07112 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07112 has 17 auction properties, the highest number of properties going to auction in a single zip in the state of Newark, NJ. Auction homes and other auction properties account for 0.24% of all properties in Newark, NJ. There are 9 zips within Newark, NJ; of those zips, the median estimated home value for homes going to auction ranges from $744,806 in 07105 to the lowest value of $199,999 in 07105.