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Fairmount Lower Vailsburg Upper Vailsburg

NEWARK, NJ 07106

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

Neighborhoods in ZIP 07106

Fairmount · Lower Vailsburg · Upper Vailsburg

Market Analysis

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

The NEWARK, NJ real estate market (07106) currently shows 38 active listings, with 12 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 24 days on market compared to 42 days last year.

The median listing price has risen 9.4% year-over-year, from $437,500 to $478,500.

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: 36,538  ·  Density: 9,958.0/mi²  ·  Median household income: $48,983

Typical home value: $280,376  ·  Homeownership: 34.1%

Market Overview

Active Listings
38
⇧ 22.6% vs 31 last year
Pending
12
32% pending ratio
Median Price
$478,500
⇧ 9.4% vs $437,500 last year
Average Price
$494,018
⇧ 4% vs $475,075 last year
Days on Market
24
⇩ 42.9% vs 42 days last year

Price Per Square Foot

Median $/sqft
$212
⇩ 2.3% vs $217/sqft last year
Median Home Size
2,059 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 31 last year
  • Days on market: 24 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $478,500 (+9.4% YoY)
  • Average: $494,018 (+4% 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 5.1 miles — 497 listings ($388,884,696 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07106Newark, NJ 071060.0 mi32$16,111,936$458,438$503,498
07111Irvington, NJ 071111.2 mi59$24,475,265$422,475$414,835
07050Orange, NJ 070501.8 mi35$17,685,920$490,200$505,312
07108Newark, NJ 071082.0 mi21$9,193,590$424,950$437,790
07112Newark, NJ 071122.3 mi30$14,258,040$459,975$475,268
07107Newark, NJ 071072.7 mi15$6,189,900$399,250$412,660
07205Hillside, NJ 072053.2 mi25$14,432,225$538,363$577,289
07052West Orange, NJ 070523.7 mi103$78,403,600$634,750$761,200
07083Union, NJ 070833.8 mi96$56,033,760$586,250$583,685
07029Harrison, NJ 070294.0 mi6$2,621,340$443,500$436,890
07028Glen Ridge, NJ 070284.5 mi15$14,256,120$809,000$950,408
07105Newark, NJ 071055.0 mi28$15,543,416$427,000$555,122
07078Short Hills, NJ 070785.1 mi32$119,679,584$3,837,500$3,739,987

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07106?

As of March 2026, there are 38 active listings in NEWARK, NJ (zip code 07106), compared to 31 the prior year.

What is the median home price in NEWARK, NJ 07106?

The median listing price in NEWARK, NJ 07106 is $478,500 as of March 2026, a 9.4% increase from $437,500 the prior year.

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

Homes in NEWARK, NJ 07106 spend an average of 24 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07106?

Based on current inventory and days-on-market data as of March 2026, NEWARK, NJ 07106 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 24 days on market compared to 42 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 07106 save an estimated $9,570 compared to a typical 5% commission on the median listing price of $478,500. 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.