Newark, IL Home Values & Market Trends
Real estate market trends reflect that there have been 46 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $329,922.3. The number of current listings in Newark is 0, and the percentage of properties for sale in the city is 0.00%. Newark, IL currently has 1 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 0 properties for sale.
Newark, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60541 | $ -- $ -- |
Housing Market Summary for Newark, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $305.1K | - |
| Median Sold Price | $292.5K | $305.1K | 4.31% |
| Homes For Sale | 0 | 1 | - |
| Homes Sold | 19 | 21 | 10.53% |
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, IL
Browse Homes in Newark, IL
Newark home values range from $28,995 to $973,405. The median estimated value of a home in Newark is $329,922.3. The median list price of a home is 0, and the total count of properties in the city is 901.
- Pre-ForeclosurePre-foreclosure homes account for 0.11% of all residential properties in Newark, IL with 60541 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Newark, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $245,560 in 60541 to the lowest home value of $245,560 in 60541.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Newark, IL. There is 1 zips within Newark, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Newark, IL. Auction homes and other auction properties account for 0% of all properties in Newark, IL. There is 1 zips within Newark, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Cities
More Real Estate Resources for Newark, IL
Guide for Newark, IL
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.