Newark, NJ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Newark, NJ is $625,000, up 9.7% year-over-year. Homes sell in an average of 77 days with 472 active listings. The market is currently a leaning buyer's.
$625,000median sale price
Is Newark a buyer's or seller's market?
Newark, NJ is currently a leaning buyer's, based on 6.0 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
79
Last 12 weeks
Days on market
77
Average pace
Active listings
472
6.0 months supply
Sale-to-list
100.3%
Above asking
Newark, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $625,000 |
| Median list price | $619,500 |
| Year-over-year price change | +9.7% |
| Average days on market | 77 days |
| Active inventory | 472 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 100.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Newark housing market is currently classified as a leaning buyer's with a median sale price of $625,000. Prices have risen 9.7% compared to last year, with homes spending an average of 77 days on market, indicating 6.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Newark
There are currently 472 homes listed for sale in Newark, New Jersey. The median listing price is $620K.
Active listings
472
Homes on market
Median list price
$620K
Avg. days on market
77
Days until sale
New this week
140
Newly listed
Top public schools in Newark
50 schools tracked · 53,349 students
The largest public schools serving Newark, NJ 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.
North Star Academy Charter School
Grades K-12 · 6,476 students
TEAM Academy Charter School
Grades K-12 · 6,319 students
Great Oaks Legacy Charter School
Grades PK-12 · 2,124 students
East Side High School
Grades 9-12 · 2,110 students
Barringer High School
Grades 9-12 · 1,872 students
Marion P. Thomas Charter School
Grades PK-12 · 1,393 students
Ann Street School
Grades K-8 · 1,236 students
Lafayette Street School
Grades PK-8 · 1,235 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Newark?
The median home sale price in Newark is $625,000, up 9.7% from last year.
How long do homes stay on market in Newark?
Homes typically spend 77 days on market before going under contract.
Is Newark a buyer's or seller's market?
With 6.0 months of supply, Newark is currently a leaning buyer's.
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