Newark, NJ metro area Housing Market
Hot MarketComprehensive housing market data for the Newark, NJ metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$600K
↑ 1.7% YoY
Days on Market
35 days
↓ 2.8% YoY
Active Inventory
3,433
↓ 0.9% YoY
Homes Sold
1,243
↓ 2.4% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Newark, NJ metro area Market Summary
The Newark, NJ metro area housing market is heating up. As of March 2026, the median home sale price is $600K, up 1.7% year-over-year. Homes are spending a median of 35 days on the market, 2.8% shorter than a year ago.
There are 3,433 homes for sale — 0.9% fewer than last year. With 2.8 months of supply, this is a seller's market. 2,153 new listings were added during this period, down 0.4% year-over-year.
Homes are selling for 103.4% of their list price on average, indicating buyers are paying above asking. 59.9% of homes sell above their asking price. 13.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
43
Contributing Factors
How This Market Compares
vs. National Median
vs. New Jersey Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. Prices are 37% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Newark, NJ metro area Market Trends
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Detailed Market Metrics
Median List Price
$640K
Price per Sq Ft
$343
Sale-to-List Ratio
103.4%
Months of Supply
2.8
Sold Above List
59.9%
Price Drops
13.1%
New Listings
2,153
↓ 0.4% YoY
Pending Sales
1,714
Off Market in 2 Weeks
36.5%
Other Markets in New Jersey
New Brunswick, NJ metro area
$550K · 51d on market
Camden, NJ metro area
$366K · 42d on market
Atlantic City, NJ metro area
$377K · 81d on market
Trenton, NJ metro area
$423K · 51d on market
Ocean City, NJ metro area
$743K · 77d on market
Vineland, NJ metro area
$270K · 62d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.