Call or Text (240) SELL-123
Fairmount Lower Vailsburg Upper Vailsburg

NEWARK, NJ 07106

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07106

Fairmount · Lower Vailsburg · Upper Vailsburg

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NEWARK, NJ real estate market (07106) currently shows 32 active listings, with 12 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 56 days on market compared to 20 days last year.

The median listing price has risen 4.4% year-over-year, from $439,250 to $458,438.

Whether you are buying or selling in NEWARK, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEWARK, NJ 07106 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 36,538  ·  Density: 9,958.0/mi²  ·  Median household income: $48,983

Typical home value: $280,376  ·  Homeownership: 34.1%

Market Overview

Active Listings
32
⇩ 3% vs 33 last year
Pending
12
38% pending ratio
Median Price
$458,438
⇧ 4.4% vs $439,250 last year
Average Price
$503,498
⇧ 4.8% vs $480,520 last year
Days on Market
56
⇧ 180% vs 20 days last year

Price Per Square Foot

Median $/sqft
$289
⇧ 14.7% vs $252/sqft last year
Median Home Size
2,263 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 33 last year
  • Days on market: 56 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $458,438 (+4.4% YoY)
  • Average: $503,498 (+4.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.1 miles — 447 listings ($341,904,297 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07106Newark, NJ 071060.0 mi27$13,426,425$455,000$497,275
07111Irvington, NJ 071111.2 mi60$24,805,800$436,500$413,430
07050Orange, NJ 070501.8 mi36$19,569,708$499,000$543,603
07108Newark, NJ 071082.0 mi25$11,987,750$419,999$479,510
07112Newark, NJ 071122.3 mi24$11,615,136$499,000$483,964
07107Newark, NJ 071072.7 mi13$4,930,770$389,500$379,290
07205Hillside, NJ 072053.2 mi23$13,709,909$550,000$596,083
07052West Orange, NJ 070523.7 mi81$62,146,035$639,000$767,235
07083Union, NJ 070833.8 mi89$52,677,231$572,500$591,879
07029Harrison, NJ 070294.0 mi6$2,635,200$448,000$439,200
07028Glen Ridge, NJ 070284.5 mi8$9,081,336$450,000$1,135,167
07105Newark, NJ 071055.0 mi29$13,057,279$399,000$450,251
07078Short Hills, NJ 070785.1 mi26$102,261,718$3,988,000$3,933,143

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07106?

As of February 2026, there are 32 active listings in NEWARK, NJ (zip code 07106), compared to 33 the prior year.

What is the median home price in NEWARK, NJ 07106?

The median listing price in NEWARK, NJ 07106 is $458,438 as of February 2026, a 4.4% increase from $439,250 the prior year.

How long do homes stay on the market in NEWARK, NJ?

Homes in NEWARK, NJ 07106 spend an average of 56 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07106?

Based on current inventory and days-on-market data as of February 2026, NEWARK, NJ 07106 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 56 days on market compared to 20 days last year.

How much can I save on real estate commission in NEWARK, NJ?

With SELL123.com's maximum 3% commission, sellers in NEWARK, NJ 07106 save an estimated $9,169 compared to a typical 5% commission on the median listing price of $458,438. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.