Is Newark, NJ 07103 a buyer’s or seller’s market?

The Newark housing market right now

In the three months ending August 31, 2026, 59% of homes in Newark, NJ 07103 sold above their list price, the typical home went under contract in 71 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 61 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 57%, homes sold more slowly (69 days then) and the median sale price rose 41% to $564,756. Overall, Newark is about as competitive as it was a year ago.

Within Essex County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, Newark ranks #347 of 444 NJ ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Newark 07102 (25% sold over asking) or Essex Fells 07021 (33% sold over asking), while Glen Ridge 07028 (100% sold over asking) and Montclair 07043 (94% sold over asking) are even more competitive.