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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
June 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 June 2026. Source: Realtor.com.

The NEWARK, NJ real estate market (07102) currently shows 8 active listings, with 2 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 33 days last year.

The median listing price has risen 0.4% year-over-year, from $461,725 to $463,500.

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
8
⇧ 14.3% vs 7 last year
Pending
2
25% pending ratio
Median Price
$463,500
⇧ 0.4% vs $461,725 last year
Average Price
$458,606
⇩ 37.3% vs $731,974 last year
Days on Market
63
⇧ 90.9% vs 33 days last year

Price Per Square Foot

Median $/sqft
$413
⇧ 29.5% vs $319/sqft last year
Median Home Size
1,195 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 7 last year
  • Days on market: 63 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $463,500 (+0.4% YoY)
  • Average: $458,606 (-37.3% 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 June 2026, there are 8 active listings in NEWARK, NJ (zip code 07102), compared to 7 the prior year.

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

The median listing price in NEWARK, NJ 07102 is $463,500 as of June 2026, a 0.4% increase from $461,725 the prior year.

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

Homes in NEWARK, NJ 07102 spend an average of 63 days on the market before going under contract, compared to 33 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 June 2026, NEWARK, NJ 07102 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 33 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 $9,270 compared to a typical 5% commission on the median listing price of $463,500. 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.