Newark, NJ 07112 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Newark, NJ — 07112
Market Hotness
28
Hotness Rank
#10,725
Hotness Score
28
Supply Score
16
Demand Score
41
DOM vs US
+21.8%
Slower
Price vs US
110%
Above avg
Median Listing Price
$475K
Population
29,456
Households
336,962
Median Days on Market
75
Active Listings
21
New Listings
8
Housing Market
Pricing
Median Listing Price
$475K
-4.0% YoY
Average Listing Price
$441K
+0.9% YoY
Price per Sq Ft
$123
-24.6% YoY
Median Sq Ft
3,882
+195.0% YoY
Inventory
Active Listings
21
+13.5% YoY
New Listings
8
-42.9% YoY
Total Listings
34
+33.3% YoY
Buyer Competition
Pending Listings
13
+56.3% YoY
Pending Ratio
0.60
+16.3% YoY
Median Days on Market
75
-1.0% YoY
Price Reduced
14.7%
-3.9% 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
29,456
+6.6% 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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