Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Newark right now.
You have the upper hand in Newark. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 34 out of every 100 homes for sale have found a buyer. The other 66 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Newark home takes 52 days to find a buyer. Half of them take even longer. That is 13% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 181 homes for sale in Newark. That is 1.8 times the tightest month on record, but below the peak of 376. Supply is growing against last year.
Asking prices are 11.3% below their Dec 2024 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Newark prices have risen in 88 of the last 108 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.
Yes, if you negotiate. Buyers have the upper hand in Newark right now. 0.34 out of every 100 homes for sale have a buyer, 7% of sellers have cut their price, and a typical home takes 52 days to sell.
Asking prices are 11.3% below their Dec 2024 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.
+5.1%/yr. 1 year: +0.8% · 5 years: +5.1% · ten years: +9.3%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Newark does without one. Underwrite closer to +5.1%. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.
A typical Newark home takes 52 days to find a buyer. Half of them take even longer. That is 13% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
07105. Only 15 out of 100 homes there have a buyer, 28% have cut their price, and a typical home takes 65 days to sell.
Where it isn't: 07103 ranks #4,096 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 07103 is on both lists. That is rare. It is the one place in Newark where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 07107 | +102.3% | $284 | 0.20 | 15 |
| 07104 | +8.5% | $225 | 0.34 | 33 |
| 07103 | +7.5% | $289 | 0.29 | 34 |
| 07105 | -0.7% | $393 | 0.15 | 27 |
| 07106 | -4.6% | $199 | 0.44 | 24 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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