Real Estate Market Update for Newark, DE
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 20% from one year earlier, and down 21% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 220-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 200-thousand dollars. The number of units sold decreased 26% year-over-year, and decreased 16% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Newark, DE
Area Information for Newark, DE
  • Population: 31,559
  • Median Age: 21.77 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 3,435/sq mi
  • Population Change Since 2000: 6.11%
  • Closest Airport: New Castle
  • Closest College: Univ Of De College Of Health Sciences
  • Closest Jr. College: Delaware Techl-community College-stanton
  • Median Household Income: $53,495
  • Annual Residential Turnover: 36%
  • Median Home Sales Price: $235,000
  • Closest Major Sports Team: Wilmington Blue Rocks (a)
  • Change Avg. Household Income Since 2000: 19.34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Newark, DE
Median Age: 21.77 Married: 27% Number of Households: 9,952 Households with Children: 1,556
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Newark, DE

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Brookside Elementary School 0.4 mi Public K-5 1 3
      The College School 0.7 mi Private 1-8 0 5
      Univ Of Delaware Laboratory Preschool 0.7 mi Private PRESCHOOL-K 0 0
      Islamic Academy Of Delaware 0.8 mi Private PRESCHOOL-6 0 0
      Newark High School 0.9 mi Public 9-12 2 3
      Reach/cbip 0.9 mi Public PRESCHOOL-12 0 0
      Newark Center For Creative Learning 1.1 mi Private K-8 0 4
      Mcvey (joseph M.) Elementary School 1.1 mi Public K-5 1 5
      St Paul's Lutheran School 1.1 mi Private PRESCHOOL-K 0 0
      Gauger-cobbs Middle School 1.2 mi Public 6-8 1 2
      Brennen School (the) 1.3 mi Public UNGRADE-UNGRADE 0 5
      Smith (jennie E.) Elementary School 1.3 mi Public K-5 2-5 3
      Kirk (george V.) Middle School 1.3 mi Public 6-8 2 2
      Christina Early Education Center 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      West Park Place Elementary School 1.5 mi Public K-5 4-5 4
      Delaware School For The Deaf 1.5 mi Public PRESCHOOL-12 0 0
      The New School 1.8 mi Private UNGRADE-UNGRADE 0 1
      Newark Day Nursery And Children Center 2.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      Aletheia Christian School & Daycare Center 2.0 mi Private PRESCHOOL-8 0 0
      Christiana High School 2.1 mi Public 9-12 1 1
      Holy Angels Elementary School 2.1 mi Catholic PRESCHOOL-8 0 5
      Las Americas Aspira Academy 2.2 mi Public K-7 2-5 5
      Newark Charter School 2.2 mi Public K-9 4 5
      Maclary (r. Elisabeth) Elementary School 2.2 mi Public K-5 2 3
      Downes (john R.) Elementary School 2.4 mi Public K-5 4 5
      Shue-medill Middle School 2.5 mi Public 6-8 1 3
      Goddard Early Learning Center 2.6 mi Private PRESCHOOL-K 0 0
      Super Kids Pre School & Kindergarten 3.0 mi Private PRESCHOOL-K 0 5
      Tutor Time Child Care 3.1 mi Private PRESCHOOL-6 0 3
      Brader (henry M.) Elementary School 3.1 mi Public K-5 3 5
      Gallaher (robert S.) Elementary School 3.1 mi Public K-5 4 5
      Glasgow High School 3.2 mi Public 9-12 2 0
      Marshall (thurgood) Elementary School 3.2 mi Public K-5 4 4
      Pike Creek Christian School 3.3 mi Private PRESCHOOL-8 0 0
      Learning Express Academy 3.4 mi Private K-5 0 5
      Wilson (etta J.) Elementary School 3.5 mi Public K-5 4 4
      St. John's Lutheran School 3.6 mi Private 1-8 0 0
      Forest Oak Elementary School 3.8 mi Public K-5 1 5
      Meadowood Program 3.8 mi Public PRESCHOOL-12 0 0
      Jones (albert H.) Elementary School 3.8 mi Public PRESCHOOL-5 3 0
      Edu Care Preshool & Day Care 4.1 mi Private PRESCHOOL-K 0 0
      The Lrng Link Academy & School Of The Prfrmng Arts 4.2 mi Private PRESCHOOL-K 0 0
      Leasure (may B.) Elementary School 4.3 mi Public K-5 2-5 0
      Keene (william B.) Elementary School 4.5 mi Public K-5 4 5
      Tlk Academy 4.6 mi Private PRESCHOOL-2 0 3
      Hodgson (paul M.) Vocational Technical High School 4.8 mi Public 9-12 3 4
      Christ The Teacher Catholic School 5.1 mi Catholic PRESCHOOL-8 0 4
      The Independence School 5.4 mi Private PRESCHOOL-8 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Newark, DE
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.