Newark, New Jersey Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, New Jersey
11 ZIPs in this city:
07101
07102
07103
07104
07105
07106
07107
07108
07112
07114
07175
Market Hotness
35
Hotness Rank
--
Hotness Score
35
Supply Score
49
Demand Score
21
DOM vs US
-0.0%
Faster
Price vs US
104%
Above avg
Median Listing Price
$439K
Population
310,602
Households
336,962
Median Days on Market
52
Active Listings
181
New Listings
66
Housing Market
Pricing
Median Listing Price
$439K
+5.0% YoY
Average Listing Price
$447K
-0.8% YoY
Price per Sq Ft
$257.657
+0.8% YoY
Median Sq Ft
2,008
+23.8% YoY
Inventory
Active Listings
181
+9.7% YoY
New Listings
66
-10.8% YoY
Total Listings
240
+9.1% YoY
Buyer Competition
Pending Listings
63
+5.0% YoY
Pending Ratio
0.34
-7.6% YoY
Median Days on Market
52
+13.2% YoY
Price Reduced
7.5%
+56.1% YoY
FY2026 Fair Market Rent — Essex County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,612
/month
1 BR
$1,822
/month
2 BR
$2,205
/month
3 BR
$2,761
/month
4 BR
$3,137
/month
FMR Trends — Essex County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
37.7
2024
Population
Total Population
310,602
+1.1% YoY
Essex County Population
881,527
+2.0% YoY
Households
Total Housing Units
336,962
+0.4% YoY
Age
2024 Age Mix
863K
residents
Under 18
203,641
23.6%
Adults 18–64
536,721
62.2%
65 & Over
122,640
14.2%
Age Composition Over Time
2017–2024
Population Under 18
203,641
+0.7% YoY
Population 65 & Over
122,640
+2.7% YoY
Median Age
37.70
0.0% YoY
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