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Forest Hill Lower Broadway North Broadway Seventh Avenue

NEWARK, NJ 07104

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

Neighborhoods in ZIP 07104

Forest Hill · Lower Broadway · North Broadway · Seventh Avenue

Market Analysis

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

The NEWARK, NJ real estate market (07104) currently shows 33 active listings, with 7 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 27 days on market compared to 38 days last year.

The median listing price has risen 6.6% year-over-year, from $447,500 to $476,950.

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: 55,412  ·  Density: 8,451.8/mi²  ·  Median household income: $51,511

Typical home value: $317,418  ·  Homeownership: 27.1%

Market Overview

Active Listings
33
⇩ 19.5% vs 41 last year
Pending
7
21% pending ratio
Median Price
$476,950
⇧ 6.6% vs $447,500 last year
Average Price
$588,754
⇩ 8.2% vs $641,218 last year
Days on Market
27
⇩ 28.9% vs 38 days last year

Price Per Square Foot

Median $/sqft
$324
⇧ 30.6% vs $248/sqft last year
Median Home Size
1,173 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 41 last year
  • Days on market: 27 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $476,950 (+6.6% YoY)
  • Average: $588,754 (-8.2% 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 5.0 miles — 356 listings ($223,097,771 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07104Newark, NJ 071040.0 mi22$14,852,310$499,000$675,105
07029Harrison, NJ 070291.8 mi6$2,621,340$443,500$436,890
07017East Orange, NJ 070172.1 mi49$21,457,933$459,450$437,917
07103Newark, NJ 071032.4 mi32$12,107,296$377,250$378,353
07032Kearny, NJ 070322.7 mi38$23,437,564$598,495$616,778
07003Bloomfield, NJ 070033.1 mi46$25,436,528$578,500$552,968
07105Newark, NJ 071053.5 mi28$15,543,416$427,000$555,122
07108Newark, NJ 071083.5 mi21$9,193,590$424,950$437,790
07071Lyndhurst, NJ 070713.7 mi17$10,703,880$584,500$629,640
07042Montclair, NJ 070424.1 mi26$36,023,572$1,322,000$1,385,522
07112Newark, NJ 071124.5 mi30$14,258,040$459,975$475,268
07014Clifton, NJ 070144.8 mi8$5,726,400$549,999$715,800
07079South Orange, NJ 070795.0 mi33$31,735,902$992,500$961,694

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07104?

As of March 2026, there are 33 active listings in NEWARK, NJ (zip code 07104), compared to 41 the prior year.

What is the median home price in NEWARK, NJ 07104?

The median listing price in NEWARK, NJ 07104 is $476,950 as of March 2026, a 6.6% increase from $447,500 the prior year.

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

Homes in NEWARK, NJ 07104 spend an average of 27 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07104?

Based on current inventory and days-on-market data as of March 2026, NEWARK, NJ 07104 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 27 days on market compared to 38 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 07104 save an estimated $9,539 compared to a typical 5% commission on the median listing price of $476,950. 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.