Market Intelligence · NJ / Newark

Newark, NJ 07108 Housing Market

The typical home value in Newark's 07108 ZIP code is $512,284, down 1.6% over the past year. Homes here carry a median list price of $533,500 and take a median of 41 days on market.

Updated June 2026Median value$512K

The median home value in Newark, NJ 07108 is $512K as of June 2026, down 1.6% 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

$471K to $553K

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

-1.6% over 12 months

Typical home value in 07108 over the last 12 months: $521K in Jun 2025 to $512K in Jun 2026 (-1.6%).

Jun 2025$521K

Jun 2026$512K

The numbers

What is the 07108 housing market like?

Typical home value

$512K

Down1.6%YoY

Median list price

$534K

Days on market

41

Down35.9%MoM

Homes for sale

12

Price cuts

0.0%

New listings

6

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 07108 home prices compare?

  • 07108$512,284
  • Newark$497,009
  • New Jersey$583,133
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Newark: 9 ZIPs; New Jersey: 547 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 12 homes for sale in 07108, with 6 new listings added recently. The median list price stood at $533,500, while the typical home value was $512,284, down 1.6% over the past year. Homes took a median of 41 days to sell. Notably, 0.0% of listings had a price cut. For sellers, the picture is mixed: values have softened slightly year over year, but the absence of price cuts suggests sellers are holding firm on asking prices, so pricing carefully still matters.

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