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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $159.9K | $189.9K | +18.8% |
3 Bedrooms | $269.9K | $259.9K | -3.7% |
4 Bedrooms | $615K | $550K | -10.6% |
5+ Bedrooms | $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 | $314.9K | $324.9K | +3.2% |
Fox Township | $484K | $485K | 0.2% |
Big Grove Township | $297.4K | $269.9K | -9.2% |
Housing Supply in Newark, IL
How many homes are available in Newark, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 8 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 1 | 2 | +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 2023 | Mar 2024 | CHANGE |
---|---|---|
132 Days | 85 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.