Newark, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 1,360 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $522,111. The number of current listings in Newark is 878, and the percentage of properties for sale in the city is 878.00%. Newark, NJ currently has 739 properties in foreclosure, 10 bank owned properties, 83 properties headed for auction, and 878 properties for sale.
Newark, NJ Real Estate Market Overview
Housing Market Summary for Newark, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $474.9K | $499.9K | 5.27% |
| Median Sold Price | $549.3K | $572.8K | 4.29% |
| Homes For Sale | 617 | 876 | 41.98% |
| Homes Sold | 730 | 626 | -14.25% |
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 $50,000 to $1,222,367. The median estimated value of a home in Newark is $522,111. The median list price of a home is 499,900, and the total count of properties in the city is 2,988.
- Pre-ForeclosurePre-foreclosure homes account for 21.62% of all residential properties in Newark, NJ with 07106 containing 120 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 $792,870 in 07102 to the lowest home value of $195,000 in 07112.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, NJ ranges from the highest value of $615,000 in 07105 to the lowest value of $279,000 in 07108. Bank owned homes and properties account for 0.33% of properties in Newark, NJ. There are 9 zips within Newark, NJ; 07108 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07106 has 20 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 2.78% 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 $677,431 in 07105 to the lowest value of $150,000 in 07105.
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Guide for Newark, NJ
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.
