Housing Prices in Newark, NJ
How much do homes in Newark, NJ cost?
Median List Price
$453,000
$241/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Summary: The median home list price in Newark was $453,000 in April 2024, up 33.6% from the previous year, and the median price per square foot was $241.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $220K | +10.0% |
2 Bedrooms | $284.9K | $309.9K | +8.7% |
3 Bedrooms | $325K | $359K | +10.5% |
4 Bedrooms | $380K | $425K | +11.8% |
5+ Bedrooms | $425K | $600K | +41.2% |
Summary: Newark housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 41.2%.
Median List Price Compared To Nearby Cities
Newark | $339K | $453K | +33.6% |
Irvington | $320K | $383.7K | +19.9% |
Irvington Township | $320K | $382.7K | +19.6% |
East Orange | $350K | $399.9K | +14.3% |
Housing Supply in Newark, NJ
How many homes are available in Newark, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
517 | 651 | +25.9% |
Summary: The Newark real estate market had 651 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 38 | 46 | +21.1% |
3 Bedrooms | 79 | 85 | +7.6% |
4 Bedrooms | 54 | 74 | +37.0% |
5+ Bedrooms | 343 | 440 | +28.3% |
Summary: The Newark housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 28.3%.
Days on Market for Newark, NJ
How long does it take to sell a home in Newark, NJ?
Average Listing Age
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
138 Days | 93 Days | -32.2% |
Summary: Homes in Newark had an average listing age of 93 days in Apr 2024, down by 32.2% compared to the previous year.