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Fairmount Seventh Avenue Springfield Belmont University Heights West Side

NEWARK, NJ 07103

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

Neighborhoods in ZIP 07103

Fairmount · Seventh Avenue · Springfield Belmont · University Heights · West Side

Market Analysis

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

The NEWARK, NJ real estate market (07103) currently shows 40 active listings, with 12 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 43 days on market compared to 34 days last year.

The median listing price has risen 14.3% year-over-year, from $339,900 to $388,500.

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

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

Market Overview

Active Listings
40
⇩ 4.8% vs 42 last year
Pending
12
30% pending ratio
Median Price
$388,500
⇧ 14.3% vs $339,900 last year
Average Price
$374,107
⇧ 6.9% vs $350,087 last year
Days on Market
43
⇧ 26.5% vs 34 days last year

Price Per Square Foot

Median $/sqft
$246
⇧ 17.1% vs $210/sqft last year
Median Home Size
1,302 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 42 last year
  • Days on market: 43 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $388,500 (+14.3% YoY)
  • Average: $374,107 (+6.9% 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 4.9 miles — 315 listings ($158,966,107 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07103Newark, NJ 071030.0 mi32$12,107,296$377,250$378,353
07102Newark, NJ 071021.2 mi8$4,215,312$499,000$526,914
07018East Orange, NJ 070181.7 mi36$14,558,256$455,000$404,396
07112Newark, NJ 071122.1 mi30$14,258,040$459,975$475,268
07029Harrison, NJ 070292.2 mi6$2,621,340$443,500$436,890
07104Newark, NJ 071042.4 mi22$14,852,310$499,000$675,105
07114Newark, NJ 071143.1 mi6$2,128,284$335,000$354,714
07205Hillside, NJ 072053.4 mi25$14,432,225$538,363$577,289
07040Maplewood, NJ 070404.0 mi31$18,743,964$498,950$604,644
07109Belleville, NJ 071094.3 mi56$27,140,232$521,750$484,647
07201Elizabeth, NJ 072014.7 mi10$5,262,820$486,500$526,282
07088Vauxhall, NJ 070884.8 mi7$3,209,500$424,500$458,500
07003Bloomfield, NJ 070034.9 mi46$25,436,528$578,500$552,968

Frequently Asked Questions

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

As of April 2026, there are 40 active listings in NEWARK, NJ (zip code 07103), compared to 42 the prior year.

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

The median listing price in NEWARK, NJ 07103 is $388,500 as of April 2026, a 14.3% increase from $339,900 the prior year.

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

Homes in NEWARK, NJ 07103 spend an average of 43 days on the market before going under contract, compared to 34 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 April 2026, NEWARK, NJ 07103 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 43 days on market compared to 34 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 $7,770 compared to a typical 5% commission on the median listing price of $388,500. 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.