Newark, NJ Real Estate & Property Data

Newark Real Estate Market Trends
Last Updated: April 27, 2024

Accurate and comprehensive real estate data is critical for insight into Newark, NJ. ATTOM’s Newark real estate data is updated daily, and current market trends show that in Newark, NJ a total of 1,886 residential properties have sold over the past year. With a median home price of $550,000 in Newark and a total of 55 foreclosures. Get detailed property data for Newark, NJ instantly. ATTOM is your one-stop-shop for the Newark property reports and real estate data you need in Newark, NJ.

Newark Real Estate Market Trends
Total Residential Properties 31,508
Total Commercial Properties 4,756
Avg. Home Age (Single Family Home) 82 Years
Avg. Square Feet (Single Family Home) 2,428
Total 2024 Residential Sales (year-to-date) 256
% of Homes Seriously Underwater (Q2 2024) 2.25%
Total 2023 Residential Sales 1,791
% of Equity Rich Homes (Q2 2024) 38.79%
Effective 2023 Property Tax 1.39%
Total Foreclosure Filings (year-to-date) 117
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Newark, NJ Real Estate Overview

There were 1,886 residential properties sold in the past year in Newark, NJ. The median home value in Newark, NJ is $480,100. There are a total of 31,508 residential properties in the Newark.

Median Sales Price i
$550,000
(Feb 2024)
+14.6%
year-over-year
y-o-y
  • February '24 Feb '24 $550,000
  • January '24 Jan '24 $505,000
  • December '23 Dec '23 $540,000
  • November '23 Nov '23 $547,500
  • October '23 Oct '23 $525,000
  • September '23 Sep '23 $500,000
  • August '23 Aug '23 $488,800
  • July '23 Jul '23 $552,500
  • June '23 Jun '23 $550,000
  • May '23 May '23 $530,000
  • April '23 Apr '23 $470,000
  • March '23 Mar '23 $498,000
Median Down Payment i
$100,500
(Feb 2024)
+47.8%
year-over-year
y-o-y
  • February '24 Feb '24 $100,500
  • January '24 Jan '24 $38,250
  • December '23 Dec '23 $70,487
  • November '23 Nov '23 $38,300
  • October '23 Oct '23 $39,000
  • September '23 Sep '23 $72,000
  • August '23 Aug '23 $43,750
  • July '23 Jul '23 $64,000
  • June '23 Jun '23 $103,125
  • May '23 May '23 $62,725
  • April '23 Apr '23 $26,000
  • March '23 Mar '23 $65,637
Number of Homes Sold i
120
(Feb 2024)
-7.7%
year-over-year
y-o-y
  • February '24 Feb '24 120
  • January '24 Jan '24 136
  • December '23 Dec '23 157
  • November '23 Nov '23 135
  • October '23 Oct '23 146
  • September '23 Sep '23 137
  • August '23 Aug '23 158
  • July '23 Jul '23 131
  • June '23 Jun '23 152
  • May '23 May '23 170
  • April '23 Apr '23 133
  • March '23 Mar '23 181
Number of Purchase Loans i
115
(Feb 2024)
+9.5%
year-over-year
y-o-y
  • February '24 Feb '24 115
  • January '24 Jan '24 109
  • December '23 Dec '23 132
  • November '23 Nov '23 121
  • October '23 Oct '23 135
  • September '23 Sep '23 119
  • August '23 Aug '23 122
  • July '23 Jul '23 107
  • June '23 Jun '23 129
  • May '23 May '23 143
  • April '23 Apr '23 112
  • March '23 Mar '23 161
Number of REFI Loans i
106
(Feb 2024)
+24.7%
year-over-year
y-o-y
  • February '24 Feb '24 106
  • January '24 Jan '24 104
  • December '23 Dec '23 84
  • November '23 Nov '23 113
  • October '23 Oct '23 112
  • September '23 Sep '23 117
  • August '23 Aug '23 117
  • July '23 Jul '23 84
  • June '23 Jun '23 102
  • May '23 May '23 103
  • April '23 Apr '23 76
  • March '23 Mar '23 102
Number of HELOC Loans i
16
(Feb 2024)
+77.8%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 15
  • December '23 Dec '23 13
  • November '23 Nov '23 14
  • October '23 Oct '23 13
  • September '23 Sep '23 17
  • August '23 Aug '23 19
  • July '23 Jul '23 16
  • June '23 Jun '23 17
  • May '23 May '23 13
  • April '23 Apr '23 16
  • March '23 Mar '23 9

Newark, NJ Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Newark, NJ Foreclosure Activity

There were a total of 55 Newark, NJ properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 39 Newark, NJ properties and repossessed 1 Newark, NJ properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
55
(Feb 2024)
-6.8%
year-over-year
y-o-y
  • February '24 Feb '24 55
  • January '24 Jan '24 62
  • December '23 Dec '23 43
  • November '23 Nov '23 82
  • October '23 Oct '23 88
  • September '23 Sep '23 72
  • August '23 Aug '23 42
  • July '23 Jul '23 52
  • June '23 Jun '23 43
  • May '23 May '23 59
  • April '23 Apr '23 41
  • March '23 Mar '23 60
Foreclosure Starts i
39
(Feb 2024)
+8.3%
year-over-year
y-o-y
  • February '24 Feb '24 39
  • January '24 Jan '24 36
  • December '23 Dec '23 26
  • November '23 Nov '23 49
  • October '23 Oct '23 57
  • September '23 Sep '23 33
  • August '23 Aug '23 23
  • July '23 Jul '23 39
  • June '23 Jun '23 28
  • May '23 May '23 40
  • April '23 Apr '23 33
  • March '23 Mar '23 41
Completed Foreclosures (REOs) i
1
(Feb 2024)
-75%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 3
  • December '23 Dec '23 4
  • November '23 Nov '23 2
  • October '23 Oct '23 5
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 N/A
  • May '23 May '23 3
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
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