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Central Business District Christopher Columbus Homes South Broad Street Springfield Belmont University Heights

NEWARK, NJ 07102

Real Estate Market Report  ·  Essex County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07102

Central Business District · Christopher Columbus Homes · South Broad Street · Springfield Belmont · University Heights

Market Analysis

Data as of March 2026. Source: Realtor.com.

The NEWARK, NJ real estate market (07102) currently shows 10 active listings, with 2 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 26 days last year.

The median listing price has risen 17.4% year-over-year, from $425,000 to $499,000.

Whether you are buying or selling in NEWARK, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,506  ·  Density: 4,611.7/mi²  ·  Median household income: $35,515

Typical home value: $0  ·  Homeownership: 6.4%

Market Overview

Active Listings
10
⇧ 66.7% vs 6 last year
Pending
2
20% pending ratio
Median Price
$499,000
⇧ 17.4% vs $425,000 last year
Average Price
$552,119
⇩ 3% vs $568,981 last year
Days on Market
55
⇧ 111.5% vs 26 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 6 last year
  • Days on market: 55 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $499,000 (+17.4% YoY)
  • Average: $552,119 (-3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.2 miles — 435 listings ($224,921,283 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07102Newark, NJ 071020.0 mi8$4,215,312$499,000$526,914
07103Newark, NJ 071031.2 mi32$12,107,296$377,250$378,353
07107Newark, NJ 071071.9 mi15$6,189,900$399,250$412,660
07104Newark, NJ 071042.2 mi22$14,852,310$499,000$675,105
07112Newark, NJ 071122.6 mi30$14,258,040$459,975$475,268
07106Newark, NJ 071063.0 mi32$16,111,936$458,438$503,498
07017East Orange, NJ 070173.1 mi49$21,457,933$459,450$437,917
07050Orange, NJ 070503.9 mi35$17,685,920$490,200$505,312
07109Belleville, NJ 071094.1 mi56$27,140,232$521,750$484,647
07201Elizabeth, NJ 072014.4 mi10$5,262,820$486,500$526,282
07028Glen Ridge, NJ 070285.0 mi15$14,256,120$809,000$950,408
07040Maplewood, NJ 070405.1 mi31$18,743,964$498,950$604,644
07304Jersey City, NJ 073045.2 mi100$52,639,500$487,125$526,395

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07102?

As of March 2026, there are 10 active listings in NEWARK, NJ (zip code 07102), compared to 6 the prior year.

What is the median home price in NEWARK, NJ 07102?

The median listing price in NEWARK, NJ 07102 is $499,000 as of March 2026, a 17.4% increase from $425,000 the prior year.

How long do homes stay on the market in NEWARK, NJ?

Homes in NEWARK, NJ 07102 spend an average of 55 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07102?

Based on current inventory and days-on-market data as of March 2026, NEWARK, NJ 07102 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 55 days on market compared to 26 days last year.

How much can I save on real estate commission in NEWARK, NJ?

With SELL123.com's maximum 3% commission, sellers in NEWARK, NJ 07102 save an estimated $9,980 compared to a typical 5% commission on the median listing price of $499,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.