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Newark Real Estate Prices And Market Stats

  • 76 Total For Sale
  • 14 New Listings
  • 3 Price Change

There are currently 76 properties for sale and Newark real estate prices are between $574,988 and $1,450,000. The median price for homes that are currently for sale is $948,000. Homes are selling for about $628 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$948,000

$574,988
Lowest Priced

$1,450,000
Highest Priced

Avg Price/SQFT

$628

$392
Lowest

$1,049
Highest

Avg DOM

42

Newark Real-Estate Price trends

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Newark Real-Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Feb/2019 $871,475 39 $598 97.98%
Jan/2019 $860,000 35 $581 98.84%
Dec/2018 $893,975 24 $564 96.33%
Nov/2018 $836,500 22 $583 99.15%
Oct/2018 $898,000 16 $639 99.95%
Sep/2018 $899,000 18 $619 101.20%
Aug/2018 $912,000 14 $639 105.53%
Jul/2018 $899,000 10 $645 106.90%
Jun/2018 $888,800 9 $652 110.82%
May/2018 $799,475 9 $655 108.68%
Apr/2018 $879,888 7 $690 115.45%
Mar/2018 $849,888 8 $668 115.15%
Feb/2018 $784,500 8 $645 115.19%

Newark Market Sales Rate (All Property Types)

The charts below represent the current state of the real estate market in Newark. I created these charts to answer the question I hear a lot, "How is the real estate market in Newark?" The market sales rate, or absorption rate is based on the total number of homes currently for sale, divided by the total sold in the same time period. When the 90 day trend line falls below the 20, Newark is in a "Buyers Market". When the 90 day trend is above 20, Newark is in a "Sellers Market". Currently, about 10 homes are sold per week in Newark, therefore it would take about 3.0 weeks to sell all the homes if no new homes come on the market.

Complete Residential Inventory

Below is all the properties currently for sale in Newark, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $599,950 $599,950 1,071 $560 $560
3 7 $778,000 $800,206 1,540 $531 $520
4 1 $1,075,880 $1,075,880 2,018 $533 $533
all 9 $778,000 $808,586 1,541 $533 $526

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $979,444 $979,444 1,494 $658 $658
3 36 $899,000 $918,308 1,350 $704 $698
4 15 $1,075,000 $1,144,957 1,914 $593 $600
5 5 $1,088,800 $1,093,051 2,109 $582 $528
all 58 $949,894 $994,096 1,566 $638 $657

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
3 2 $862,000 $862,000 1,432 $602 $602
4 1 $849,000 $849,000 1,759 $482 $483
all 3 $849,000 $857,667 1,541 $585 $562

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $574,988 $574,988 1,132 $507 $508
3 5 $730,000 $807,800 1,472 $548 $546
all 6 $714,500 $768,998 1,415 $537 $539

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,025,000 2,058 34 1982 0 20 Most Expensive 25% of properties
Upper/Second $895,000 1,513 19 1973 0 19 Upper-middle 25% of properties
Lower/Third $790,000 1,291 23 1971 0 19 Lower-middle 25% of properties
Bottom/Fourth $600,000 1,102 35 1976 0 19 Least expensive 25% of properties
Image of Trang Dunlap

Trang Dunlap

Intero Real Estate
[email protected] 888.422.9991

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