Is Newark, NJ 07114 a buyer’s or seller’s market?
Newark is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Newark housing market right now
In the three months ending August 31, 2026, 58% of homes in Newark, NJ 07114 sold above their list price, the typical home went under contract in 87 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold faster (101 days then) and the median sale price rose 17% to $699,697. Overall, Newark is more competitive than a year ago, so tougher for buyers.
Within Essex County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in 83%.
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.
Run the numbers for 07114
Nearby markets
Belleville 07109Seller’s market $372 /sq ftBloomfield 07003Seller’s market $421 /sq ftCaldwell 07006Seller’s market $434 /sq ftCedar Grove 07009Seller’s market $422 /sq ft Browse all markets →Towns like Newark nearby
Find towns like Newark in other states →Where Newark is
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Questions about Newark real estate
Is Newark a buyer’s or seller’s market?
A buyer’s market: there were 6.1 months of supply in Newark, NJ 07114 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newark?
The typical home went under contract in 87 days in the latest three months.
Do homes in Newark sell over asking?
58% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Newark?
About 1.84% of a home’s value a year in Newark City, Essex County, or roughly $7,380 on a $400,000 home.
What is the median home price in Newark?
The median sale price was $699,697 in the three months ending August 31, 2026, about $226 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology