Market Intelligence · NJ / Newark

Newark, NJ 07104 Housing Market

The typical home value in Newark 07104 is $498,340, down 0.2% over the past year. The median list price stands at $472,000, with homes lingering on the market for a median of 73 days.

Updated September 2026Median value$498K

The median home value in Newark, NJ 07104 is $498K as of September 2026, down 0.2% 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 07104 range

$458K to $538K

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

-0.2% over 12 months

Sep 2025$499K

Low $492KHigh $499K

Sep 2026$498K

The numbers

What is the 07104 housing market like?

As of September 2026

Typical home value

$498K

0.2%YoY

Median list price

$472K

1.5%MoM

Days on market

37.7%MoM

Homes for sale

7.7%MoM

Price cuts

2.6%

73.1%MoM

New listings

50.0%MoM

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

The outlook

07104 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07104 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 07104 fell 0.2%, per the Zillow Home Value Index.

Will home prices drop in 07104?

Zillow's forecast does not call for a drop: it expects typical home values in 07104 to rise 2.3% by September 2027, after a 0.2% 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 07104 home prices compare?

07104$498,340
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 07104 has 36 homes for sale as of September 2026, with 8 new listings added recently. The median asking price of $472,000 sits modestly below the typical home value, suggesting measured pricing overall. Properties are taking around 73 days to sell, indicating a buyer's market where negotiation room exists. Only 2.6% of listings have seen a price cut, a modest share that reflects the overall softness in values rather than widespread distress. For sellers, this is a patient market where pricing competitively and preparing a home well will matter more than speed.

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Home price

Down payment20% · $99,668

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Common questions

What people ask us.

What is a typical home worth in Newark 07104?

The typical home value is $498,340, down 0.2% over the past year.

How long do homes take to sell in Newark 07104?

The median time on market is 73 days as of September 2026.

How many homes are for sale in Newark 07104?

There are 36 homes listed for sale, with 8 new listings as of September 2026.

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