Market Intelligence · NJ / Newark

Newark, NJ 07107 Housing Market

The typical home value in Newark 07107 is $505,212, down 2.9% over the past year. The median list price stands at $449,000, with homes staying on the market for a median of 58 days as of September 2026.

Updated September 2026Median value$505K

The median home value in Newark, NJ 07107 is $505K as of September 2026, down 2.9% 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 07107 range

$465K to $546K

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

-2.9% over 12 months

Typical home value in 07107 over the last 12 months: $520K in Sep 2025 to $505K in Sep 2026 (-2.9%).

Sep 2025$520K

Sep 2026$505K

The numbers

What is the 07107 housing market like?

Typical home value

$505K

Down2.9%YoY

Median list price

$449K

Flat0.0%MoM

Days on market

58

Down13.4%MoM

Homes for sale

14

Down17.6%MoM

Price cuts

0.0%

New listings

2

Down75.0%MoM

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

The outlook

07107 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07107 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 07107 fell 2.9%, per the Zillow Home Value Index.

Will home prices drop in 07107?

Zillow's forecast does not call for a drop: it expects typical home values in 07107 to rise 2.3% by September 2027, after a 2.9% 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 07107 home prices compare?

  • 07107$505,212
  • 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 07107 market is quiet. Only 14 homes were for sale in September 2026, with just 2 new listings entering the market during that period. The median list price of $449,000 sits notably below the typical home value of $505,212, reflecting the year-over-year decline of 2.9%. No listings carried price cuts, suggesting sellers are pricing cautiously rather than aggressively adjusting. For a homeowner considering a sale, the tightness of inventory is a plus, but the softening values mean realistic expectations about your home's worth will matter.

Monthly payment

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20% · $101,042

Common questions

What people ask us.

What is the typical home value in Newark 07107?

The typical home value is $505,212, down 2.9% over the past year as of September 2026.

How long do homes stay on the market in 07107?

The median days on market is 58 as of September 2026.

How many homes are for sale in Newark 07107 right now?

As of September 2026, there are 14 homes for sale in the ZIP code.

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