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Lower Clinton Hill South Broad Street Springfield Belmont Upper Clinton Hill West Side

NEWARK, NJ 07108

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07108

Lower Clinton Hill · South Broad Street · Springfield Belmont · Upper Clinton Hill · West Side

Market Analysis

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

The NEWARK, NJ real estate market (07108) currently shows 18 active listings, with 8 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 78 days on market compared to 57 days last year.

The median listing price has fallen 10.5% year-over-year, from $449,725 to $402,425.

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.

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Market Context

Market Context

Population: 27,830  ·  Density: 7,790.2/mi²  ·  Median household income: $32,739

Typical home value: $293,026  ·  Homeownership: 16.6%

Market Overview

Active Listings
18
⇧ 38.5% vs 13 last year
Pending
8
44% pending ratio
Median Price
$402,425
⇩ 10.5% vs $449,725 last year
Average Price
$439,480
⇩ 6.9% vs $471,895 last year
Days on Market
78
⇧ 36.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$191
⇧ 6.7% vs $179/sqft last year
Median Home Size
2,805 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 13 last year
  • Days on market: 78 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $402,425 (-10.5% YoY)
  • Average: $439,480 (-6.9% 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 5.3 miles — 300 listings ($168,840,622 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07108Newark, NJ 071080.0 mi25$11,987,750$419,999$479,510
07103Newark, NJ 071031.1 mi28$10,959,088$388,000$391,396
07102Newark, NJ 071021.7 mi7$3,544,800$499,000$506,400
07205Hillside, NJ 072052.4 mi23$13,709,909$550,000$596,083
07018East Orange, NJ 070182.4 mi31$13,392,930$387,000$432,030
07029Harrison, NJ 070292.8 mi6$2,635,200$448,000$439,200
07017East Orange, NJ 070173.4 mi48$20,209,680$440,000$421,035
07050Orange, NJ 070503.6 mi36$19,569,708$499,000$543,603
07079South Orange, NJ 070793.6 mi33$30,493,287$985,000$924,039
07040Maplewood, NJ 070403.8 mi29$21,809,189$649,500$752,041
07088Vauxhall, NJ 070884.4 mi7$3,300,381$422,500$471,483
07202Elizabeth, NJ 072024.9 mi18$7,702,200$375,000$427,900
07041Millburn, NJ 070415.3 mi9$9,526,500$1,200,000$1,058,500

Frequently Asked Questions

How many homes are for sale in NEWARK, NJ 07108?

As of February 2026, there are 18 active listings in NEWARK, NJ (zip code 07108), compared to 13 the prior year.

What is the median home price in NEWARK, NJ 07108?

The median listing price in NEWARK, NJ 07108 is $402,425 as of February 2026, a 10.5% decrease from $449,725 the prior year.

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

Homes in NEWARK, NJ 07108 spend an average of 78 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in NEWARK, NJ 07108?

Based on current inventory and days-on-market data as of February 2026, NEWARK, NJ 07108 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 78 days on market compared to 57 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 07108 save an estimated $8,049 compared to a typical 5% commission on the median listing price of $402,425. 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.