Is Newark, IL 60541 a buyer’s or seller’s market?
Newark is a seller’s market. With about 1.8 months of supply and 29% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Newark housing market right now
In the three months ending August 31, 2026, 29% of homes in Newark, IL 60541 sold above their list price, the typical home went under contract in 52 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (60 days then) and the median sale price fell 28% to $309,866. Overall, Newark is more competitive than a year ago, so tougher for buyers.
Within Kendall County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 83%.
Nearby, buyers who want less competition could look at Bristol 60512 (25% sold over asking), while Montgomery 60538 (59% sold over asking) and Plano 60545 (55% sold over asking) are even more competitive.
Run the numbers for 60541
Nearby markets
Bristol 60512Balanced $239 /sq ftMinooka 60447Seller’s market $179 /sq ftMontgomery 60538Seller’s market $207 /sq ftOswego 60543Seller’s market $206 /sq ft Browse all markets →Towns like Newark nearby
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Questions about Newark real estate
Is Newark a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Newark, IL 60541 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 52 days in the latest three months.
Do homes in Newark sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 101.1% of the list price.
What are property taxes in Newark?
About 2.37% of a home’s value a year in Kendall County, or roughly $9,480 on a $400,000 home.
What is the median home price in Newark?
The median sale price was $309,866 in the three months ending August 31, 2026, about $242 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