Newark, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 1,447 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $551,165.03. The number of current listings in Newark is 675, and the percentage of properties for sale in the city is 50.87%. Newark, NJ currently has 652 properties in foreclosure, 11 bank owned properties, 39 properties headed for auction, and 675 properties for sale.
Newark, NJ Real Estate Market Overview
Housing Market Summary for Newark, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $387K | $547K | 41.35% |
| Median Sold Price | $524K | $547K | 4.39% |
| Homes For Sale | 94 | 667 | 609.57% |
| Homes Sold | 920 | 715 | -22.28% |
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 $236,200 to $2,229,000. The median estimated value of a home in Newark is $551,165.03. The median list price of a home is 487,333.333, and the total count of properties in the city is 31,448.
- Pre-ForeclosurePre-foreclosure homes account for 1.91% of all residential properties in Newark, NJ with 07106 containing 113 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 $1,509,000 in 07103 to the lowest home value of $239,100 in 07108.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, NJ ranges from the highest value of $1,008,000 in 07105 to the lowest value of $352,900 in 07107. Bank owned homes and properties account for 0.03% of properties in Newark, NJ. There are 9 zips within Newark, NJ; 07106 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07112 has 9 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 0.12% 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 $1,052,000 in 07107 to the lowest value of $323,400 in 07107.