Newark, NJ Real Estate Market Summary – September 8, 2026
In Newark, NJ, the real estate market saw 108 transactions over the last 30 days, averaging 3.6 homes sold per day. The average sale price for homes in the area was approximately $608,509, while the median sale price stood at $590,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 108 |
| Sold Per Day | 3.60 |
| Average SQFT | 2961 |
| Median Sales Price | $590,000 |
| Average Sales Price | $608,509 |
| Average Price Per SQFT | $172 |
| Average Days on Market | 16 |
| Average Year Built | 1937 |
Newark, NJ Single Family Home Analysis
For single-family homes, 44 properties were sold, with an average sale price of $482,907 and a median sale price of $500,000. Homes in this category spent an average of 16 days on the market before a transaction was finalized.
| Metric | 30 Days |
|---|---|
| Number Sold | 44 |
| Sold Per Day | 1.47 |
| Average SQFT | not provided |
| Median Sales Price | $500,000 |
| Average Sales Price | $482,907 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 16 |
| Average Year Built | 1936 |
Newark, NJ Condo & Townhome Analysis
In the condo and townhome segment, 3 transactions occurred during the last 30 days. The average sale price was $292,667, with a median sale price of $320,000, and these homes had an average market time of 11 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | not provided |
| Median Sales Price | $320,000 |
| Average Sales Price | $292,667 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 11 |
| Average Year Built | not provided |
Buyer & Seller Analysis
- 3.6 homes sold per day
- Average market time of 16 days for single-family homes
- Average sale price of $608,509 for all property types
- Data does not disclose exact sale prices
Conclusion
Overall, the Newark real estate market displays a consistent pattern of activity with varied performance across different segments. The relatively quick turnover in property listings suggests a dynamic environment.