How much is a home in 07108 worth?

The typical home value in 07108 is $502,026, down 0.5% over the past year as of 2026-08-01.

How fast are homes selling in 07108?

Homes in 07108 are spending a median of 36 days on the market as of 2026-08-01. Only 12.9% of listings have had a price cut, so accurately priced homes are moving without major reductions.

Is 07108 a buyer's or seller's market?

There are 18 homes for sale with 8 new listings as of 2026-08-01, and values are down 0.5% over the past year. The data points to a balanced, slightly soft market rather than a strong seller's market.

Market Intelligence · NJ / Newark

Newark, NJ 07108 Housing Market

The typical home in Newark's 07108 ZIP code is worth $502,026, down 0.5% over the past year. The median list price is $487,000, and homes are spending a median of 36 days on the market.

Updated August 2026Median value$502K

The median home value in Newark, NJ 07108 is $502K as of August 2026, down 0.5% 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 07108 range

$462K to $542K

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

-0.5% over 12 months

Aug 2025$505K

Low $495KHigh $511K

Aug 2026$502K

The numbers

What is the 07108 housing market like?

As of August 2026

Typical home value

$502K

0.5%YoY

Median list price

$487K

2.4%MoM

Days on market

28.6%MoM

Homes for sale

50.0%MoM

Price cuts

12.9%

New listings

20.0%MoM

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

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The comparison

How do 07108 home prices compare?

07108$502,026
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

As of 2026-08-01, there are 18 homes for sale in 07108, with 8 new listings added recently. The median list price is $487,000, and the median days on market is 36, so well-priced homes are still finding buyers. Only 12.9% of listings have had a price cut, which suggests most sellers are pricing close to where deals are getting done. The typical home value is $502,026, down 0.5% over the past year, so values have softened slightly but remain close to where they were. For a seller, the picture is steady but not hot, so realistic pricing from day one matters more than it would in a faster market.

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