Photo: Famartin · CC BY-SA 4.01,123 homes sold in Newark in the last year, at a typical $587K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Newark homes are listed.
Every place Newark homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Newark.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
4% of Newark’s sales are condos, at $117K less than a house
396 houses and 50 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 396 sold in 12 months
- Per square foot
- $240NJ $331
- Days to sell
- 63
- Sold over asking
- 63%
- Listings with a price cut
- 12%
typical sale · 50 sold in 12 months
- Per square foot
- $301NJ $450
- Days to sell
- 81
- Sold over asking
- 54%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 663 sold, typical $698K
Townhouses: 14 sold, typical $318K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 3.6 times the 2016 price
1,123 sales in the last year, against 1,712 in 2018 and a low of 1,144 in 2025. The typical sale went from $163K in 2016 to $587K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $600K buys in Newark
Check a listing against what Newark homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Newark are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Newark’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,123 sales.
If you’re buying in Newark
- Shop in February. It brings about 160 new listings a month, close to the busiest month, with fewer bidding wars (39% over asking).
- Some room to negotiate. 9% of listings cut their price, about as many as before the pandemic.
- Expect to bid over asking. Buyers paid 102.8% of the list price on average; 61% paid over.
- You’ll usually have time. Only 18% of homes go under contract within two weeks; the typical one takes 74 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 187 a month), but August is the most competitive: 47% of August sales close over asking. January and February offer nearly as much choice with fewer homes bid up (40%). February has the least competition (39%).
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Newark now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 61% | 35% | 50% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 18% | 5% | 7% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 9% | 8% | 6% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 102.8% | 100.1% | 101.6% | 101.2% |
| Days to sellMedian days from listing to contract | 74 | 108 | 101 | 45 |
495 homes for sale on a typical day
That’s 1.2 times the 2024 low (427), 37% fewer than in 2017–19 and well under 2016’s 933.
1 in 12 listings has cut its price
9% in the last year, against 8% in 2017–19 and 17% across New Jersey.
Since 2019, houses are up 89%, condos 51%
A house typically sold for $431K in the last year (396 sales), a condo for $314K (50).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Newark ranks 88th of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Newark is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Newark home costs about $4,013 a month
Price: Newark’s typical sale, last 12 months. Property tax at Newark’s 1.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Newark is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 123.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $587K home, about $11,410 a year.
Taxes vs. neighborsSchools
The schools grade for Newark, from test results, graduation and how much students grow.
Schools in NewarkCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Harrison, Kearny, Ampere North, Elizabeth and Watsessing for far more
The busier markets within 25 miles of Newark, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Newark | 1,123 | $587K | $225 | 61% | 74 |
| Elizabeth | 405 | $635K | $318 | 58% | 41 |
| East Orange | 312 | $557K | $257 | 67% | 80 |
| Kearny | 177 | $607K | $351 | 62% | 83 |
| Harrison | 51 | $698K | $361 | 33% | 90 |
| Watsessing | 48 | $606K | $324 | 73% | 74 |
| Ampere North | 34 | $589K | $344 | 76% | 73 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Newark, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Newark. People who follow the town see it, and so do people comparing Newark with their own town. No commission, no listing fee.
Questions about buying a home in Newark
What do homes sell for in Newark, NJ?
1,123 homes sold in the year to May 2026 at a typical $587K, $225 a square foot. Houses sold for about $431K, condos for about $314K.
Is Newark a buyer’s or seller’s market?
A balanced market: 480 homes were for sale in May 2026 and 104 sold, about 4.6 months of supply. Buyers paid 102.8% of asking on average, and 9% of listings cut their price.
When is the best time to buy in Newark?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Newark?
About 1.9% of a home’s value a year. On a $587K home that’s near $11,410.
Where can I see homes for sale in Newark?
Zillow, Redfin, Realtor.com and Homes.com all carry Newark’s MLS listings; the search links above open each one filtered to Newark.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).