Housing Prices in Newark, IL

How much do homes in Newark, IL cost?

Median List Price

$324,950

$166/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$10,050(+3.2%)

Key Takeaway

The list price of homes in Newark has increased by 3.2% since last year.

Summary: The median home list price in Newark was $324,950 in March 2024, up 3.2% from the previous year, and the median price per square foot was $166.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $159.9K$189.9K
+18.8%
3 $269.9K$259.9K
-3.7%
4 $615K$550K
-10.6%
5+ $2.4M$795K
-66.9%

Summary: Newark housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 66.9%.

Median List Price Compared To Nearby Cities

Newark
+3.2%
Fox Township
0.2%
Big Grove Township
-9.2%

Housing Supply in Newark, IL

How many homes are available in Newark, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
58+60.0%

Summary: The Newark real estate market had 8 homes for sale in March 2024, a 60.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 02
+100.0%
5+ 12
+100.0%

Summary: The Newark housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Days on Market for Newark, IL

How long does it take to sell a home in Newark, IL?

Average Listing Age

Mar 2023Mar 2024CHANGE
132 Days85 Days-35.5%

Summary: Homes in Newark had an average listing age of 85 days in Mar 2024, down by 35.5% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Newark, IL

Nearby Markets to Newark, IL