Call or Text (240) SELL-123
Lower Clinton Hill South Broad Street Springfield Belmont Upper Clinton Hill West Side

NEWARK, NJ 07108

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

Neighborhoods in ZIP 07108

Lower Clinton Hill · South Broad Street · Springfield Belmont · Upper Clinton Hill · West Side

Market Analysis

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

The NEWARK, NJ real estate market (07108) currently shows 16 active listings, with 5 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 88 days on market compared to 25 days last year.

The median listing price has risen 3.8% year-over-year, from $431,950 to $448,250.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEWARK, NJ 07108 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 27,830  ·  Density: 7,790.2/mi²  ·  Median household income: $32,739

Typical home value: $293,026  ·  Homeownership: 16.6%

Market Overview

Active Listings
16
⇧ 23.1% vs 13 last year
Pending
5
31% pending ratio
Median Price
$448,250
⇧ 3.8% vs $431,950 last year
Average Price
$447,184
⇩ 0.6% vs $450,090 last year
Days on Market
88
⇧ 252% vs 25 days last year

Price Per Square Foot

Median $/sqft
$190
⇩ 42.8% vs $332/sqft last year
Median Home Size
2,442 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 13 last year
  • Days on market: 88 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $448,250 (+3.8% YoY)
  • Average: $447,184 (-0.6% 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 5.3 miles — 316 listings ($183,667,784 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07108Newark, NJ 071080.0 mi21$9,193,590$424,950$437,790
07103Newark, NJ 071031.1 mi32$12,107,296$377,250$378,353
07102Newark, NJ 071021.7 mi8$4,215,312$499,000$526,914
07205Hillside, NJ 072052.4 mi25$14,432,225$538,363$577,289
07018East Orange, NJ 070182.4 mi36$14,558,256$455,000$404,396
07029Harrison, NJ 070292.8 mi6$2,621,340$443,500$436,890
07017East Orange, NJ 070173.4 mi49$21,457,933$459,450$437,917
07050Orange, NJ 070503.6 mi35$17,685,920$490,200$505,312
07079South Orange, NJ 070793.6 mi33$31,735,902$992,500$961,694
07040Maplewood, NJ 070403.8 mi31$18,743,964$498,950$604,644
07088Vauxhall, NJ 070884.4 mi7$3,209,500$424,500$458,500
07202Elizabeth, NJ 072024.9 mi16$7,927,440$462,500$495,465
07041Millburn, NJ 070415.3 mi17$25,779,106$1,583,750$1,516,418

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07108?

As of March 2026, there are 16 active listings in NEWARK, NJ (zip code 07108), compared to 13 the prior year.

What is the median home price in NEWARK, NJ 07108?

The median listing price in NEWARK, NJ 07108 is $448,250 as of March 2026, a 3.8% increase from $431,950 the prior year.

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

Homes in NEWARK, NJ 07108 spend an average of 88 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07108?

Based on current inventory and days-on-market data as of March 2026, NEWARK, NJ 07108 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 88 days on market compared to 25 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 07108 save an estimated $8,965 compared to a typical 5% commission on the median listing price of $448,250. 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.