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Newark, NJ 07108 Real Estate & Property Data

Newark, NJ 07108 Real Estate Market Trends

Last Updated: April 28, 2024

A total of 256 residential properties have been sold over the past 12 months in 07108. With a median sales price of $596,250 in 07108 and a total of 12 foreclosures in Newark, NJ 07108. Discover market trends and get the granular level real estate data for Newark, NJ 07108 to keep your pulse on the housing market. Curate compelling home reports for Newark, NJ 07108 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Newark, NJ 07108 Real Estate Market Trends

Get property data for any address in Newark, NJ 07108 or the country:

Total Residential Properties 2,716

Total Commercial Properties 217

Avg. Home Age (Single Family Home) 81 Years

Avg. Square Feet (Single Family Home) 2,779

Total 2024 Residential Sales (year-to-date) 45

% of Homes Seriously Underwater (Q2 2024) 3.36%

Total 2023 Residential Sales 231

% of Equity Rich Homes (Q2 2024) 38.3%

Effective 2023 Property Tax 1.41%

Total Foreclosure Filings (year-to-date) 29

Newark, NJ 07108 Real Estate Overview

There were 256 residential properties sold in the past year in Newark, NJ 07108. The median home value in Newark, NJ 07108 is $498,200. There are a total of 2,716 residential properties in the 07108.

Median Sales Price i

$596,250

(Feb 2024)

-2.9%

year-over-year

y-o-y

February '24 Feb '24 $596,250
January '24 Jan '24 $547,500
December '23 Dec '23 $737,500
November '23 Nov '23 $685,000
October '23 Oct '23 $502,500
September '23 Sep '23 $562,500
August '23 Aug '23 $500,000
July '23 Jul '23 $483,198
June '23 Jun '23 $635,000
May '23 May '23 $362,500
April '23 Apr '23 $500,000
March '23 Mar '23 $405,000

Median Down Payment i

$43,700

(Feb 2024)

-54.2%

year-over-year

y-o-y

February '24 Feb '24 $43,700
January '24 Jan '24 $10,551
December '23 Dec '23 $136,000
November '23 Nov '23 $33,500
October '23 Oct '23 $22,000
September '23 Sep '23 $60,110
August '23 Aug '23 $42,937
July '23 Jul '23 $45,875
June '23 Jun '23 $135,000
May '23 May '23 $28,500
April '23 Apr '23 $71,250
March '23 Mar '23 $63,000

Number of Homes Sold i

25

(Feb 2024)

+56.2%

year-over-year

y-o-y

February '24 Feb '24 25
January '24 Jan '24 20
December '23 Dec '23 17
November '23 Nov '23 18
October '23 Oct '23 20
September '23 Sep '23 22
August '23 Aug '23 21
July '23 Jul '23 16
June '23 Jun '23 24
May '23 May '23 16
April '23 Apr '23 17
March '23 Mar '23 24

Number of Purchase Loans i

21

(Feb 2024)

+75%

year-over-year

y-o-y

February '24 Feb '24 21
January '24 Jan '24 11
December '23 Dec '23 14
November '23 Nov '23 17
October '23 Oct '23 21
September '23 Sep '23 18
August '23 Aug '23 14
July '23 Jul '23 11
June '23 Jun '23 21
May '23 May '23 14
April '23 Apr '23 14
March '23 Mar '23 23

Number of REFI Loans i

13

(Feb 2024)

-23.5%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 20
December '23 Dec '23 9
November '23 Nov '23 15
October '23 Oct '23 15
September '23 Sep '23 15
August '23 Aug '23 16
July '23 Jul '23 8
June '23 Jun '23 8
May '23 May '23 19
April '23 Apr '23 9
March '23 Mar '23 16

Number of HELOC Loans i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 2
September '23 Sep '23 2
August '23 Aug '23 N/A
July '23 Jul '23 2
June '23 Jun '23 1
May '23 May '23 N/A
April '23 Apr '23 4
March '23 Mar '23 N/A

Newark, NJ 07108 Real Estate Market Overview

Last 30 days

Street
Street
Street

Newark, NJ 07108 Foreclosure Activity

There were a total of 12 Newark, NJ 07108 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

12

(Feb 2024)

+20%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 17
December '23 Dec '23 7
November '23 Nov '23 6
October '23 Oct '23 10
September '23 Sep '23 13
August '23 Aug '23 5
July '23 Jul '23 6
June '23 Jun '23 6
May '23 May '23 7
April '23 Apr '23 4
March '23 Mar '23 9

Foreclosure Starts i

8

(Feb 2024)

+14.3%

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 9
December '23 Dec '23 2
November '23 Nov '23 5
October '23 Oct '23 5
September '23 Sep '23 2
August '23 Aug '23 4
July '23 Jul '23 5
June '23 Jun '23 4
May '23 May '23 7
April '23 Apr '23 4
March '23 Mar '23 5

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 N/A
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 1

Nearby Zip Codes

1. 07102
2. 07103
3. 07104
4. 07105
5. 07106
6. 07107

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