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Featured local agent — Newark, IL
Sarah Mitchell
Compass Real Estate · Newark, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Newark, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$256,250median sale price
How is the Newark, IL housing market right now?
The median home sale price in Newark, IL is $256,250. Homes sell in an average of 113 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Newark a buyer's or seller's market?
Newark, IL is currently a seller's market, based on 0.5 months of supply and homes selling in about 113 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
113
Average pace
Active listings
1
0.5 months supply
Sale-to-list
96.7%
Below asking
What does the Newark housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $256,250 |
| Average days on market | 113 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $196/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Newark by property type?
How the Newark, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $256,250 | $196/sq ft | 2 | 113 days |
Source: Redfin · Updated monthly
The Newark housing market is currently classified as a seller's market with a median sale price of $256,250. Prices have fallen 0.0% compared to last year, with homes spending an average of 113 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Newark
There are currently 1 homes listed for sale in Newark, Illinois.
Active listings
1
Homes on market
Avg. days on market
113
Days until sale
Who lives in Newark?
Population
1,152
Median income
$129,688/yr
Median age
45.1 years
Owner-occupied
86.6%
College grads
24.9%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Newark?
Zillow home value
$414,383
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Newark?
Newark is a community of approximately 1K residents with a median age of 45.1 years.The median household income is $129,688, which reflects a relatively affluent area with strong earning potential. 24.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 86.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 26 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Newark offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Newark?
7 schools tracked · 520 students
The largest public schools serving Newark, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Newark Comm High School
Grades 9-12 · 178 students
Lisbon Grade School
Grades K-8 · 128 students
Newark Elem School
Grades K-4 · 108 students
Millbrook Junior High School
Grades 5-8 · 106 students
Lisbon CCSD 90
Grade range n/a
Newark CHSD 18
Grade range n/a
Newark CCSD 66
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Newark, IL?
Want a head-to-head view? Compare Newark side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Newark?
The median home sale price in Newark is $256,250, down 0.0% from last year.
How long do homes stay on market in Newark?
Homes typically spend 113 days on market before going under contract.
What is the median income in Newark?
The median household income is $129,688 per year.
Is Newark a buyer's or seller's market?
With 0.5 months of supply, Newark is currently a seller's market.
What is the Zillow home value estimate for Newark?
The Zillow Home Value Index (ZHVI) for Newark is $414,383, representing the typical home value in the area.
How much does a single-family home cost in Newark?
The median single-family home price in Newark, IL is $256,250 (about $196 per square foot).
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