Newark, NJ 07106 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, NJ — 07106
Market Hotness
35
Hotness Rank
#9,410
Hotness Score
35
Supply Score
58
Demand Score
12
DOM vs US
-6.3%
Faster
Price vs US
102%
Above avg
Median Listing Price
$437K
Population
36,383
Households
336,962
Median Days on Market
47
Active Listings
24
New Listings
14
Housing Market
Pricing
Median Listing Price
$437K
+0.5% YoY
Average Listing Price
$455K
+2.2% YoY
Price per Sq Ft
$199
-0.5% YoY
Median Sq Ft
3,031
+10.5% YoY
Inventory
Active Listings
24
-7.7% YoY
New Listings
14
+40.0% YoY
Total Listings
35
+9.5% YoY
Buyer Competition
Pending Listings
11
+75.0% YoY
Pending Ratio
0.44
+20.7% YoY
Median Days on Market
47
+19.9% YoY
Price Reduced
0.0%
-3.1% 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
ZIP Population
36,383
+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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