Newark, Ohio Housing Market

What stands out in Newark?

• 75 homes are under contract for every 100 still for sale: among the most homes under contract per listing of 584 tracked cities. Demand is strong. Expect competition on good homes.
• Asking prices swing about 18.3% between the cheapest and priciest months: among the biggest seasonal price swings of 765 tracked cities. Timing your purchase within the year matters here.
• Asking price per square foot has moved +7.4% a year over five years: among the strongest five-year price growth of 765 tracked cities. Long-run appreciation has been strong here.

What moves the numbers in Newark?

Newark asking prices per square foot were above the year before in 83% of months since the data starts. Within a year, the cheapest and priciest months differ by about 18.3%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Newark's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

When do Newark prices dip?

Across 9 full years, Newark asking prices ran lowest in January, about 11.0% below the year's average. They peaked in July. The most homes for sale show up in October, about 21% above the yearly average. Shop in October for choice, and expect the softest asking prices in January.

How much can you negotiate in Newark?

For every 100 homes still for sale, 75 are under contract. In 2017–2019 at this time of year it was 57. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Newark listings spend a median 48 days on the market. That is 20% longer than a year ago. There are 126 homes for sale in Newark. That is 5.2 times the tightest month on record, but below the peak of 220. Supply is growing against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

Is now a good time to buy in Newark?

The median asking price is 13.0% below its Mar 2024 peak. Per square foot the gap is smaller: 6.5% below the May 2026 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Newark prices have risen in 92 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Newark?

In Newark, 39 out of every 100 households rent. Most own their home. That share has held steady for five years. Renter households average 2.4 people. Two and three bedrooms fit the typical renter.

Households grew 2% in five years. The housing stock shrank 4%. Demand is outrunning supply. 6.8% of homes sit empty. That is normal for a healthy market.

The median Newark household earns $63,974 a year. Incomes here have grown 5.5% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 4.0 times the median income. Locals can afford to buy here. Your exit buyer can be a local family. At 30% of income, a tenant on the median income can pay about $1,599 a month.

To see what one Newark address would rent for and cash flow, run it through the app.

What numbers should you underwrite a Newark deal with?

• Price growth to assume — +7.4%/yr. Newark has grown about 7.4% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices were flat over the last year.
• Odds you cut your price to sell — 1 in 4. 25% of Newark listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +4%. Homes for sale in Newark are up 4% on last year, so your resale faces more competition than today's comps did.

Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.

What is the median home price in Newark?

The median asking price in Newark is about $255,000 as of Sep 2026, down 4.1% from a year ago. Asking price per square foot is flat, so read the median with care: it moves with which homes happen to be listed. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Newark figures cover the 2 ZIP codes with a Newark mailing address, which can reach past city limits.

Is Newark a buyer's or seller's market in 2026?

Neither side has the upper hand in Newark right now. We compare Newark with 2017–2019 at this time of year: 25% of sellers have cut their price, against 15% then; there are 75 pending sales per 100 listings, against 57 then; listings spend 16% more days on the market.

Are Newark home prices going up or down?

The median asking price is 13.0% below its Mar 2024 peak. Per square foot the gap is smaller: 6.5% below the May 2026 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Newark?

Assume +7.4% a year. Newark has grown about 7.4% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices were flat over the last year.

What is the fair market rent in Newark?

HUD's fiscal year 2026 fair market rent for Licking County is $1,430 a month for 2 bedrooms and $1,715 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.