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University Heights

NEWARK, NJ 07103

Real Estate Market Report  ·  Essex County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇧ 21.7% vs 23 last year
Pending
9
32% pending ratio
Median Price
$388,000
⇧ 8.5% vs $357,450 last year
Average Price
$391,396
⇧ 9.5% vs $357,420 last year
Days on Market
38
⇩ 36.7% vs 60 days last year

Market Context

Population: 35,318  ·  Density: 6,337.0/mi²  ·  Median household income: $40,653

Typical home value: $238,731  ·  Homeownership: 23.1%

Market Analysis

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

The NEWARK, NJ real estate market (07103) currently shows 28 active listings, with 9 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 60 days last year.

The median listing price has risen 8.5% year-over-year, from $357,450 to $388,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 23 last year
  • Days on market: 38 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $388,000 (+8.5% YoY)
  • Average: $391,396 (+9.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 4.9 miles — 288 listings ($153,670,201 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07103Newark, NJ 071030.0 mi28$10,959,088$388,000$391,396
07102Newark, NJ 071021.2 mi7$3,544,800$499,000$506,400
07018East Orange, NJ 070181.7 mi31$13,392,930$387,000$432,030
07112Newark, NJ 071122.1 mi24$11,615,136$499,000$483,964
07029Harrison, NJ 070292.2 mi6$2,635,200$448,000$439,200
07104Newark, NJ 071042.4 mi21$15,113,364$428,875$719,684
07114Newark, NJ 071143.1 mi6$2,263,500$347,000$377,250
07205Hillside, NJ 072053.4 mi23$13,709,909$550,000$596,083
07040Maplewood, NJ 070404.0 mi29$21,809,189$649,500$752,041
07109Belleville, NJ 071094.3 mi54$27,313,308$550,000$505,802
07201Elizabeth, NJ 072014.7 mi6$3,054,900$474,000$509,150
07088Vauxhall, NJ 070884.8 mi7$3,300,381$422,500$471,483
07003Bloomfield, NJ 070034.9 mi46$24,958,496$575,000$542,576

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07103?

As of January 2026, there are 28 active listings in NEWARK, NJ (zip code 07103), compared to 23 the prior year.

What is the median home price in NEWARK, NJ 07103?

The median listing price in NEWARK, NJ 07103 is $388,000 as of January 2026, a 8.5% increase from $357,450 the prior year.

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

Homes in NEWARK, NJ 07103 spend an average of 38 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07103?

Based on current inventory and days-on-market data as of January 2026, NEWARK, NJ 07103 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 60 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 07103 save an estimated $7,760 compared to a typical 5% commission on the median listing price of $388,000. 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.