Newark, NJ 07103 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, NJ — 07103
Market Hotness
65
Hotness Rank
#4,096
Hotness Score
65
Supply Score
70
Demand Score
59
DOM vs US
-12.3%
Faster
Price vs US
92%
Below avg
Median Listing Price
$397K
Population
37,293
Households
336,962
Median Days on Market
41
Active Listings
34
New Listings
14
Housing Market
Pricing
Median Listing Price
$397K
+16.8% YoY
Average Listing Price
$384K
+7.7% YoY
Price per Sq Ft
$289
+8.2% YoY
Median Sq Ft
1,280
+7.7% YoY
Inventory
Active Listings
34
+25.9% YoY
New Listings
14
+75.0% YoY
Total Listings
43
0.0% YoY
Buyer Competition
Pending Listings
10
-41.2% YoY
Pending Ratio
0.29
-33.6% YoY
Median Days on Market
41
-38.0% YoY
Price Reduced
0.0%
0.0% 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
ZIP Population
37,293
+1.5% 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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