Market Intelligence · NJ / Newark

Newark, NJ 07103 Housing Market

Homes in Newark, NJ 07103 are valued at a typical $399,304, up 2.5% over the past year. The median list price stands at $389,225, with homes spending a median 59 days on market as of September 2026.

Updated September 2026Median value$399K

The median home value in Newark, NJ 07103 is $399K as of September 2026, up 2.5% 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 07103 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

+2.5% over 12 months

Sep 2025$389K

Low $389KHigh $399K

Sep 2026$399K

The numbers

What is the 07103 housing market like?

As of September 2026

Typical home value

$399K

2.5%YoY

Median list price

$389K

0.1%MoM

Days on market

18.1%MoM

Homes for sale

14.3%MoM

Price cuts

4.4%

43.4%MoM

New listings

70.0%MoM

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

The outlook

07103 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07103 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 07103 rose 2.5%, per the Zillow Home Value Index.

Will home prices drop in 07103?

Zillow's forecast does not call for a drop: it expects typical home values in 07103 to rise 2.3% by September 2027, after a 2.5% rise 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 07103 home prices compare?

07103$399,304
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

The Newark 07103 market shows modest upward momentum. The typical home value of $399,304 represents solid year-over-year growth at 2.5%, and new listings totaled 6 as of September 2026. With 24 homes for sale and a median time on market of 59 days, inventory remains limited. Only 4.4% of listings saw price cuts, a small share that reflects stable seller confidence. If you are considering selling, you are entering a market where homes take time to move, so realistic pricing and presentation matter.

Monthly payment

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Home price

Down payment20% · $79,861

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Common questions

What people ask us.

What is a typical home worth in Newark 07103?

A typical home in this ZIP is valued at $399,304, which represents a 2.5% increase over the past year.

How long do homes typically stay on the market here?

As of September 2026, the median days on market is 59.

What is the median list price?

The median list price in Newark 07103 is $389,225 as of September 2026.

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