Market Intelligence · NJ / Newark

Newark, NJ 07114 Housing Market

The typical home value in Newark's 07114 ZIP is $452,457, down 4.3% over the past year. The median list price stands at $389,000, with homes taking a median 64 days to sell as of September 2026.

Updated September 2026Median value$452K

The median home value in Newark, NJ 07114 is $452K as of September 2026, down 4.3% 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 07114 range

$416K to $489K

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

-4.3% over 12 months

Sep 2025$473K

Low $452KHigh $473K

Sep 2026$452K

The numbers

What is the 07114 housing market like?

As of September 2026

Typical home value

$452K

4.3%YoY

Median list price

$389K

8.1%MoM

Days on market

100.0%MoM

Homes for sale

9.1%MoM

Price cuts

0.0%

New listings

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

The outlook

07114 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07114 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 07114 fell 4.3%, per the Zillow Home Value Index.

Will home prices drop in 07114?

Zillow's forecast does not call for a drop: it expects typical home values in 07114 to rise 1.4% by September 2027, after a 4.3% 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 07114 home prices compare?

07114$452,457
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

Newark's 07114 neighborhood shows a cooling market. There are 10 homes for sale as of September 2026, and the median list price is $389,000. Homes are spending a median 64 days on the market, suggesting steady but unhurried movement. Notably, none of the current listings have seen a price cut, which is unusual given that typical home values have declined 4.3% over the past year. For sellers, this mismatch between asking prices and recent value trends may mean longer selling timelines.

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Common questions

What people ask us.

What is a typical home value in 07114?

The typical home value in Newark's 07114 ZIP is $452,457 as of September 2026, down 4.3% over the past year.

How long do homes stay on the market in 07114?

Homes in this ZIP have a median 64 days on market as of September 2026.

How many homes are for sale in 07114 right now?

There are 10 homes for sale in 07114 as of September 2026.

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