Market Intelligence · NJ / Newark

Newark, NJ 07107 Housing Market

The typical home value in Newark's 07107 ZIP code is $506,987, down 3.2% over the past year as of 2026-08-01. Sellers are listing at a median of $449,000, and homes are spending a median of 67 days on the market. There are 17 homes for sale in the area.

Updated August 2026Median value$507K

The median home value in Newark, NJ 07107 is $507K as of August 2026, down 3.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 07107 range

$466K to $548K

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

-3.2% over 12 months

Typical home value in 07107 over the last 12 months: $524K in Aug 2025 to $507K in Aug 2026 (-3.2%).

Aug 2025$524K

Aug 2026$507K

The numbers

What is the 07107 housing market like?

Typical home value

$507K

Down3.2%YoY

Median list price

$449K

Up18.9%MoM

Days on market

67

Down10.7%MoM

Homes for sale

17

Up6.3%MoM

Price cuts

0.0%

New listings

8

Up300.0%MoM

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

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The comparison

How do 07107 home prices compare?

  • 07107$506,987
  • Newark$496,598
  • New Jersey$576,681
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Newark: 9 ZIPs; New Jersey: 547 ZIPs; United States: 26,265 ZIPs).

Context

Home values in 07107 have softened, with the typical value of $506,987 down 3.2% over the past year as of 2026-08-01. The median list price sits at $449,000, and homes take a median of 67 days to sell, which suggests buyers are not rushing. Inventory is limited at 17 homes for sale, with 8 new listings coming on the market. Notably, 0.0% of current listings have taken a price cut, so sellers are holding firm on asking prices even as values drift lower. For a seller, the honest read is that pricing correctly from the start matters more than ever in a market where values are slipping and buyers have time to wait.

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