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Market Intelligence · NJ / Newark

Newark, NJ 07102 Housing Market

The typical home in Newark's 07102 ZIP code is worth $398,971, down 10.6% over the past year. The median list price stands at $487,500, with homes taking a median of 76 days to sell as of September 2026.

Updated September 2026Median value$399K

The median home value in Newark, NJ 07102 is $399K as of September 2026, down 10.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 07102 range

$367K to $431K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-10.6% over 12 months

Typical home value in 07102 over the last 12 months: $446K in Sep 2025 to $399K in Sep 2026 (-10.6%).

Sep 2025$446K

Sep 2026$399K

The numbers

What is the 07102 housing market like?

Typical home value

$399K

Down10.6%YoY

Median list price

$488K

Up2.6%MoM

Days on market

76

Up49.0%MoM

Homes for sale

11

Down8.3%MoM

Price cuts

0.0%

New listings

0

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

07102 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07102 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 07102 fell 10.6%, per the Zillow Home Value Index.

Will home prices drop in 07102?

Zillow's forecast does not call for a drop: it expects typical home values in 07102 to rise 1.1% by September 2027, after a 10.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07102 home prices compare?

  • 07102$398,971
  • Newark$494,915
  • New Jersey$575,161
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Newark: 9 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Newark's 07102 neighborhood shows a cooling market with 11 homes currently for sale. The 76-day median time on market reflects slower transaction velocity than many stronger markets. The price decline of 10.6% year-over-year suggests sustained downward pressure on values. Notably, none of the current listings have received price cuts, which may indicate sellers are still adjusting to the new valuation environment. For homeowners considering a sale, this combination of fewer buyers, longer sell times, and declining values points to a market that favors patience and realistic pricing.

Monthly payment

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20% · $79,794

Common questions

What people ask us.

What is a typical home worth in Newark 07102?

The typical home value in this ZIP code is $398,971, down 10.6% over the past year as of September 2026.

How long do homes take to sell here?

Homes in 07102 take a median of 76 days to sell, based on current listings as of September 2026.

What are homes listed for?

The median list price in Newark 07102 is $487,500 as of September 2026.

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