Housing Prices in Newark, MD
How much do homes in Newark, MD cost?
Median List Price
$324,950
$232/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Newark has decreased by 14.3% since last year.
Summary: The median home list price in Newark was $324,950 in May 2024, down 14.3% from the previous year, and the median price per square foot was $232.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $294.9K | N/A |
| 3 Bedrooms | $274.9K | $324.9K | +18.2% |
| 4 Bedrooms | $425K | $425K | 0.0% |
| 5+ Bedrooms | - | $225K | N/A |
Summary: Newark housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Newark, MD
How many homes are available in Newark, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Newark real estate market had 9 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newark housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Newark, MD
How long does it take to sell a home in Newark, MD?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 574 Days | 259 Days | -54.9% |
Summary: Homes in Newark had an average listing age of 259 days in May 2024, down by 54.9% compared to the previous year.
