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Welcome to this overview of Newark, a city in New Jersey with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Newark’s real estate landscape, read on to discover valuable information and resources.

OVERVIEW

Newark is a city in New Jersey and consists of 21 neighborhoods. There are 494 homes for sale, ranging from $1.4K to $2M. Newark have affordable houses, affordable condo/townhomes, and affordable 2 – 3 bedroom listings.

  • Median listing home price: $379.9K
  • Median listing home price/Sq ft: $245
  • Median sold home price: $420K

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REAL ESTATE MARKET IN NEWARK

Newark, NJ Housing Market

In December 2023, Newark witnessed a 5.3% increase in home prices compared to the previous year, with a median price of $420K. The average time homes spent on the market decreased to 56 days from 61 days, while home sales declined from 165 to 118. Read more.

Newark Housing Market Trends and Predictions for 2024

Newark’s housing market boasts a robust 6.6% increase, reaching an average home value of $428,985. The competitive environment, with properties averaging 36 days on the market, signals resilience and opportunities for investors in this thriving and appreciating market. Don’t miss out on the trends of the Newark housing market.

Newark Home Values

Check out Zillow’s report about Newark home values.

INTERESTING STORIES

History of Newark, New Jersey

Did you know Newark was one of the major industrial hubs in the nation? Read more.

‘One Property at a Time’: A City Tries to Revive Without Gentrifying

Neighborhoods in Newark are beginning to see a flurry of redevelopment, a decade after the city’s downtown gained vogue. Read more.

NEIGHBORHOOD RESOURCES

Cleveland Crime Map

Newark’s crime rate, 24 per thousand residents, surpasses the national average. While safer than many cities its size, violent crime rates, notably murders, remain higher. Property crime, with a 1 in 52 chance, is a concern, especially motor vehicle theft. Read more.

Top Real Estate Agents

Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Newark by sales transactions.

NEWARK HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES

Community Development Support

ABOUT DAWGS

The Leader in Vacant Property Security

D.A.W.G.S. (Door And Window Guard Systems) and VPS (Vacant Property Security / VPS360) manufacture and rent attractive steel panels to cover door and window openings on vacant buildings. With NATIONAL COVERAGE, DAWGS’ steel door and window guard solutions come directly from one of our National distribution centers in key metro areas.

Our Vacant Property Security solutions eliminate break-ins and other problems associated with vacant properties.

Newark secured by DAWGS vacant property security

Property investors, property managers, housing authorities, rehabbers, and real estate professionals trust D.A.W.G.S. to safeguard their vacant properties.

Click here to learn more about the DAWGS.

Community Outreach

DAWGS philanthropy efforts have touched many lives:

Learn more here.

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