Market Intelligence · NJ / Newark

Newark, NJ 07108 Housing Market

The typical home in Newark 07108 is valued at $507,455, down 0.4% over the past year. The median list price stands at $489,000, with homes spending a median of 31 days on market as of September 2026.

Updated September 2026Median value$507K

The median home value in Newark, NJ 07108 is $507K as of September 2026, down 0.4% 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 07108 range

$467K 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

-0.4% over 12 months

Typical home value in 07108 over the last 12 months: $510K in Sep 2025 to $507K in Sep 2026 (-0.4%).

Sep 2025$510K

Sep 2026$507K

The numbers

What is the 07108 housing market like?

Typical home value

$507K

Down0.4%YoY

Median list price

$489K

Up0.4%MoM

Days on market

31

Down13.9%MoM

Homes for sale

26

Up44.4%MoM

Price cuts

0.0%

New listings

8

Flat0.0%MoM

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

The outlook

07108 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07108 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 07108 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 07108?

Zillow's forecast does not call for a drop: it expects typical home values in 07108 to rise 2.0% by September 2027, after a 0.4% 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 07108 home prices compare?

  • 07108$507,455
  • 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

As of September 2026, there are 26 homes for sale in the 07108 ZIP, with 8 new listings added recently. The median list price of $489,000 reflects modest supply in this part of Newark. Homes are taking 31 days on the market, a steady pace that suggests neither rushed sales nor prolonged waits. With typical home values down 0.4% year-over-year and no price cuts appearing across current listings, sellers should prepare for a market that rewards realistic pricing.

Monthly payment

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20% · $101,491

Common questions

What people ask us.

What is the typical home value in Newark 07108?

The typical home value in this ZIP is $507,455, down 0.4% from the year prior as of September 2026.

How long do homes stay on the market in 07108?

The median time on market is 31 days as of September 2026.

What is the median list price in this area?

The median list price in Newark 07108 is $489,000 as of September 2026.

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