Housing Prices in Newark, NJ
How much do homes in Newark, NJ cost?
Median List Price
$449,995
$234/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Summary: The median home list price in Newark was $449,995 in March 2024, up 36.7% from the previous year, and the median price per square foot was $234.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $222.5K | +11.3% |
2 Bedrooms | $289K | $300K | +3.8% |
3 Bedrooms | $325K | $359K | +10.5% |
4 Bedrooms | $380K | $416.5K | +9.6% |
5+ Bedrooms | $405.9K | $599.9K | +47.8% |
Summary: Newark housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 47.8%.
Median List Price Compared To Nearby Cities
Newark | $329.2K | $449.9K | +36.7% |
Irvington Township | $318.2K | $385K | +21.0% |
Irvington | $319.5K | $385K | +20.5% |
East Orange | $349.9K | $409.5K | +17.0% |
Housing Supply in Newark, NJ
How many homes are available in Newark, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
489 | 641 | +31.1% |
Summary: The Newark real estate market had 641 homes for sale in March 2024, a 31.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 34 | 45 | +32.4% |
3 Bedrooms | 70 | 90 | +28.6% |
4 Bedrooms | 57 | 79 | +38.6% |
5+ Bedrooms | 326 | 423 | +29.8% |
Summary: The Newark housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 29.8%.
Days on Market for Newark, NJ
How long does it take to sell a home in Newark, NJ?
Average Listing Age
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
137 Days | 97 Days | -29.2% |
Summary: Homes in Newark had an average listing age of 97 days in Mar 2024, down by 29.2% compared to the previous year.