Newark, NJ 07108 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, NJ — 07108
Market Hotness
40
Hotness Rank
#8,339
Hotness Score
40
Supply Score
69
Demand Score
11
DOM vs US
-11.8%
Faster
Price vs US
124%
Above avg
Median Listing Price
$534K
Population
28,790
Households
336,962
Median Days on Market
41
Active Listings
12
New Listings
6
Housing Market
Pricing
Median Listing Price
$534K
+48.2% YoY
Average Listing Price
$503K
+23.9% YoY
Price per Sq Ft
$170
-14.1% YoY
Median Sq Ft
3,169
+109.0% YoY
Inventory
Active Listings
12
+20.0% YoY
New Listings
6
+50.0% YoY
Total Listings
18
+16.1% YoY
Buyer Competition
Pending Listings
7
+16.7% YoY
Pending Ratio
0.58
-1.7% YoY
Median Days on Market
41
+35.3% 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
28,790
+1.7% 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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