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Featured local agent — Newark, NJ
Sarah Mitchell
Compass Real Estate · Newark, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Newark, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$630,000median sale price
How is the Newark, NJ housing market right now?
The median home sale price in Newark, NJ is $630,000, up 4.8% year-over-year. Homes sell in an average of 68 days with 480 active listings. The market is currently a balanced 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, NJ is currently a balanced market, based on 4.6 months of supply and homes selling in about 68 days. How we determine this →
Homes sold
104
Last 12 weeks
Days on market
68
Average pace
Active listings
480
4.6 months supply
Sale-to-list
102.4%
Above asking
What does the Newark housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $630,000 |
| Median list price | $617,450 |
| Year-over-year price change | +4.8% |
| Average days on market | 68 days |
| Active inventory | 480 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 102.4% |
| Median price per sq ft | $239/sq ft |
| Homes sold (latest month) | 104 |
| New listings (latest month) | 138 |
| Listings with a price cut | 11.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Newark by property type?
How the Newark, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $481,500 | $258/sq ft | 32 | 45 days |
| Condo / Co-op | $386,000 | $306/sq ft | 7 | 65 days |
| Townhouse | $235,000 | $177/sq ft | 1 | 213 days |
Source: Redfin · Updated monthly
The Newark housing market is currently classified as a balanced market with a median sale price of $630,000. Prices have risen 4.8% compared to last year, with homes spending an average of 68 days on market, indicating 4.6 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 10.1x provides context for how home values compare to local earning capacity.
Homes for sale in Newark
There are currently 480 homes listed for sale in Newark, New Jersey. The median listing price is $617K.
Active listings
480
Homes on market
Median list price
$617K
Avg. days on market
68
Days until sale
New this week
138
Newly listed
Who lives in Newark?
Population
307,188
Median income
$48,416/yr
Median age
34.8 years
Owner-occupied
24.1%
College grads
17.4%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Newark?
Zillow home value
$486,845
Zillow rent index
$2,130/mo
Price-to-rent ratio
19.0x
Price-to-income
10.1x
Source: Zillow Research
What is it like to live in Newark?
Newark is a community of approximately 307K residents with a median age of 34.8 years.The median household income is $48,416, which represents a working-class community with solid middle-income opportunities. 17.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 24.1%, showing a blend of owner and renter-occupied properties. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Newark offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Newark, NJ?
Want a head-to-head view? Compare Newark side-by-side with any other U.S. city using our market-comparison tool.
Is Newark a good real estate investment market?
For investors evaluating Newark, the price-to-rent ratio of 19.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Newark's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Newark's median home price.
Frequently asked questions
What is the average home price in Newark?
The median home sale price in Newark is $630,000, up 4.8% from last year.
How long do homes stay on market in Newark?
Homes typically spend 68 days on market before going under contract.
What is the median income in Newark?
The median household income is $48,416 per year.
Is Newark a buyer's or seller's market?
With 4.6 months of supply, Newark is currently a balanced market.
What is the Zillow home value estimate for Newark?
The Zillow Home Value Index (ZHVI) for Newark is $486,845, representing the typical home value in the area.
What is the median condo price in Newark?
The median condo/co-op sale price in Newark, NJ is $386,000, compared to $481,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Newark?
The median single-family home price in Newark, NJ is $481,500 (about $258 per square foot).
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