Newark, NJ 07107 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, NJ — 07107
Market Hotness
16
Hotness Rank
#12,626
Hotness Score
16
Supply Score
28
Demand Score
3
DOM vs US
+10.8%
Slower
Price vs US
92%
Below avg
Median Listing Price
$395K
Population
43,293
Households
336,962
Median Days on Market
64
Active Listings
15
New Listings
0
Housing Market
Pricing
Median Listing Price
$395K
-1.3% YoY
Average Listing Price
$431K
-7.0% YoY
Price per Sq Ft
$284
-9.7% YoY
Median Sq Ft
1,385
+2.4% YoY
Inventory
Active Listings
15
+42.9% YoY
New Listings
0
-100.0% YoY
Total Listings
18
-5.3% YoY
Buyer Competition
Pending Listings
3
-66.7% YoY
Pending Ratio
0.20
-65.7% YoY
Median Days on Market
64
+177.2% 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
43,293
+2.8% 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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