Market Intelligence · NJ / Newark

Newark, NJ 07114 Housing Market

The typical home value in Newark, NJ 07114 is $459,138, down 4.4% over the past year. As of 2026-08-01, the median list price is $360,000 and homes are spending a median of 32 days on the market.

Updated August 2026Median value$459K

The median home value in Newark, NJ 07114 is $459K as of August 2026, down 4.4% 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 07114 range

$422K to $496K

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

-4.4% over 12 months

Typical home value in 07114 over the last 12 months: $480K in Aug 2025 to $459K in Aug 2026 (-4.4%).

Aug 2025$480K

Aug 2026$459K

The numbers

What is the 07114 housing market like?

Typical home value

$459K

Down4.4%YoY

Median list price

$360K

Flat0.0%MoM

Days on market

32

Down49.2%MoM

Homes for sale

11

Up37.5%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

0

Down100.0%MoM

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

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The comparison

How do 07114 home prices compare?

  • 07114$459,138
  • 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

The 07114 market is small right now, with just 11 homes for sale and 0 new listings as of 2026-08-01. Homes that do hit the market are moving at a reasonable pace, with a median of 32 days on market. None of the current listings have taken a price cut, with 0.0% showing reductions, which suggests sellers are pricing close to what buyers will pay. Still, the typical home value of $459,138 is down 4.4% over the past year. For a seller, the honest read is that well-priced homes are selling, but values have been slipping, so waiting may not improve your outcome.

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