Market Intelligence · NJ / Newark

Newark, NJ 07106 Housing Market

In Newark 07106, the typical home value is $462,342, up 0.3% over the past year. The median list price stands at $430,000, with homes spending 26 days on the market as of September 2026.

Updated September 2026Median value$462K

The median home value in Newark, NJ 07106 is $462K as of September 2026, up 0.3% 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 07106 range

$425K to $499K

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

+0.3% over 12 months

Sep 2025$461K

Low $457KHigh $466K

Sep 2026$462K

The numbers

What is the 07106 housing market like?

As of September 2026

Typical home value

$462K

0.3%YoY

Median list price

$430K

2.1%MoM

Days on market

4.0%MoM

Homes for sale

65.0%MoM

Price cuts

15.3%

New listings

12.5%MoM

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

The outlook

07106 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07106 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 07106 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 07106?

Zillow's forecast does not call for a drop: it expects typical home values in 07106 to rise 2.7% by September 2027, after a 0.3% 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 07106 home prices compare?

07106$462,342
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 market in 07106 shows modest activity with 33 homes for sale and 14 new listings as of September 2026. The median time to sell is 26 days, which reflects a relatively steady market. However, 15.3% of listings have seen price cuts, suggesting some sellers are adjusting expectations. The typical home value gained only 0.3% annually, indicating appreciation is slow. For homeowners considering a sale, this is a buyer-favorable environment where pricing realistically and being prepared for negotiation matters.

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Down payment20% · $92,468

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Common questions

What people ask us.

What is the typical home value in Newark 07106?

The typical home value is $462,342 as of September 2026, up 0.3% over the past year.

How many homes are currently for sale in 07106?

There are 33 homes for sale as of September 2026, with 14 new listings that month.

How long do homes typically stay on the market here?

The median days on market is 26 as of September 2026.

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