Newark, NJ 07107 Real Estate & Property Data

Newark, NJ 07107 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 274 residential properties have been sold over the past 12 months in 07107. With a median sales price of $510,025 in 07107 and a total of 3 foreclosures in Newark, NJ 07107. Discover market trends and get the granular level real estate data for Newark, NJ 07107 to keep your pulse on the housing market. Curate compelling home reports for Newark, NJ 07107 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Newark, NJ 07107 Real Estate Market Trends
Total Residential Properties 4,179
Total Commercial Properties 451
Avg. Home Age (Single Family Home) 85 Years
Avg. Square Feet (Single Family Home) 2,432
Total 2024 Residential Sales (year-to-date) 37
% of Homes Seriously Underwater (Q2 2024) 2.39%
Total 2023 Residential Sales 257
% of Equity Rich Homes (Q2 2024) 41.44%
Effective 2023 Property Tax 1.31%
Total Foreclosure Filings (year-to-date) 12
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Newark, NJ 07107 Real Estate Overview

There were 274 residential properties sold in the past year in Newark, NJ 07107. The median home value in Newark, NJ 07107 is $490,400. There are a total of 4,179 residential properties in the 07107.

Median Sales Price i
$510,025
(Feb 2024)
-1%
year-over-year
y-o-y
  • February '24 Feb '24 $510,025
  • January '24 Jan '24 $560,000
  • December '23 Dec '23 $472,500
  • November '23 Nov '23 $515,000
  • October '23 Oct '23 $527,500
  • September '23 Sep '23 $460,000
  • August '23 Aug '23 $407,500
  • July '23 Jul '23 $447,500
  • June '23 Jun '23 $625,000
  • May '23 May '23 $543,750
  • April '23 Apr '23 $395,000
  • March '23 Mar '23 $595,000
Median Down Payment i
$118,439
(Feb 2024)
+485.8%
year-over-year
y-o-y
  • February '24 Feb '24 $118,439
  • January '24 Jan '24 $55,375
  • December '23 Dec '23 $109,600
  • November '23 Nov '23 $50,000
  • October '23 Oct '23 $42,000
  • September '23 Sep '23 $40,500
  • August '23 Aug '23 $57,836
  • July '23 Jul '23 $92,500
  • June '23 Jun '23 $127,000
  • May '23 May '23 $108,900
  • April '23 Apr '23 $20,192
  • March '23 Mar '23 $124,688
Number of Homes Sold i
14
(Feb 2024)
-22.2%
year-over-year
y-o-y
  • February '24 Feb '24 14
  • January '24 Jan '24 23
  • December '23 Dec '23 28
  • November '23 Nov '23 20
  • October '23 Oct '23 19
  • September '23 Sep '23 18
  • August '23 Aug '23 20
  • July '23 Jul '23 14
  • June '23 Jun '23 20
  • May '23 May '23 27
  • April '23 Apr '23 19
  • March '23 Mar '23 34
Number of Purchase Loans i
18
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 18
  • January '24 Jan '24 18
  • December '23 Dec '23 25
  • November '23 Nov '23 19
  • October '23 Oct '23 14
  • September '23 Sep '23 17
  • August '23 Aug '23 20
  • July '23 Jul '23 11
  • June '23 Jun '23 20
  • May '23 May '23 24
  • April '23 Apr '23 20
  • March '23 Mar '23 26
Number of REFI Loans i
16
(Feb 2024)
+77.8%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 18
  • December '23 Dec '23 11
  • November '23 Nov '23 11
  • October '23 Oct '23 17
  • September '23 Sep '23 16
  • August '23 Aug '23 10
  • July '23 Jul '23 9
  • June '23 Jun '23 9
  • May '23 May '23 14
  • April '23 Apr '23 10
  • March '23 Mar '23 12
Number of HELOC Loans i
3
(Feb 2024)
  • February '24 Feb '24 3
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 2
  • October '23 Oct '23 1
  • September '23 Sep '23 N/A
  • August '23 Aug '23 3
  • July '23 Jul '23 3
  • June '23 Jun '23 7
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A

Newark, NJ 07107 Foreclosure Activity

There were a total of 3 Newark, NJ 07107 properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 1 Newark, NJ 07107 properties and repossessed 1 Newark, NJ 07107 properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
-62.5%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 9
  • December '23 Dec '23 7
  • November '23 Nov '23 7
  • October '23 Oct '23 13
  • September '23 Sep '23 8
  • August '23 Aug '23 4
  • July '23 Jul '23 3
  • June '23 Jun '23 3
  • May '23 May '23 7
  • April '23 Apr '23 3
  • March '23 Mar '23 5
Foreclosure Starts i
1
(Feb 2024)
-80%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 3
  • December '23 Dec '23 6
  • November '23 Nov '23 6
  • October '23 Oct '23 8
  • September '23 Sep '23 7
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 3
  • May '23 May '23 6
  • April '23 Apr '23 2
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 2
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 3
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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