07108 Home Values & Market Trends
There are 111 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 $586,397. The total number of properties sold within the past twelve months is 201. In 07108, 105 properties are in foreclosure, 3 are bank owned properties,and 9 are headed for auction.
07108 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Newark | $ 522,111 $ 267/sqft |
Housing Market Summary for 07108
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $579.5K | $512.5K | -11.55% |
| Median Sold Price | $547.5K | $629.8K | 15.03% |
| Homes For Sale | 82 | 115 | 40.24% |
| Homes Sold | 84 | 80 | -4.76% |
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 $586,397. A total of 111 properties are for sale, and the percentage of properties for sale in the zip code is 111.00%. The total count of 07108 properties is 409.
- Pre-ForeclosurePre-foreclosure homes account for 22.74% of all residential properties in 07108 with newark containing 646 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 $1,024,486 in newark to the lowest home value of $195,000 in newark.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07108 ranges from the highest value of $647,085 in newark to the lowest value of $279,000 in newark. Bank owned homes and properties account for 0.73% of properties in 07108. There is 1 cities within 07108; newark containing 9 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsnewark has 83 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 2.20% 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 $970,000 in newark to the lowest value of $150,000 in newark.
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More Real Estate Resources for 07108
Guide for 07108
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
