Real Estate Market Update for Newark, DE
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 1% from one year earlier, and up 11% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 14% year-over-year, and increased 30% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for Newark, DE
Area Information for Newark, DE
  • Population: 31,735
  • Median Age: 22.76 yr
  • Median Commute Time: 17.86 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 3,455/sq mi
  • Population Change Since 2000: 6.94%
  • Closest Airport: Philadelphia International
  • Closest College: University Of Delaware
  • Closest Jr. College: Delaware Techl-community College-stanton
  • Median Household Income: $55,447
  • Annual Residential Turnover: 17.45%
  • Median Years in Residence: 3.28 yr
  • Median Home Sales Price: $225,000
  • Closest Major Sports Team: Philadelphia Flyers
  • Change Avg. Household Income Since 2000: 11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Newark, DE
Median Age: 22.76 Married: 21% Number of Households: 10,013 Households with Children: 1,884
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
      Montessori Academy 0.4 mi Public K-5 0 0
      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 0 3
      Reach/cbip 0.9 mi Public PRESCHOOL-12 0 0
      Newark Center For Creative Learning 1.1 mi Private K-8 0 4
      Joseph M Mcvey Elementary School 1.1 mi Public K-5 2 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 1.3 mi Public UNGRADE-UNGRADE 0 5
      Jennie E Smith Elementary School 1.3 mi Public PRESCHOOL-5 2-5 3
      George V Kirk 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 3-5 4
      Delaware School For The Deaf Elementary 1.5 mi Public K-12 0 0
      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 & Day Care Ctr 2.0 mi Private PRESCHOOL-8 0 0
      Christiana High School 2.1 mi Public 9-12 0 1
      Holy Angels School 2.1 mi Catholic PRESCHOOL-8 0 5
      Las Americas Aspira Academy 2.2 mi Public K-8 2-5 5
      Newark Charter School 2.2 mi Public K-9 5 5
      R Elisabeth Maclary Elementary School 2.2 mi Public K-5 3 3
      John R. Downes Elementary School 2.4 mi Public K-5 4 5
      Shue Medill Middle School 2.5 mi Public 6-8 2 3
      Goddard Early Learning Center 2.6 mi Private PRESCHOOL-K 0 0
      Super Kids 3.0 mi Private PRESCHOOL-K 0 5
      Tutor Time Child Care 3.1 mi Private PRESCHOOL-6 0 3
      Henry M Brader Elementary School 3.1 mi Public K-5 2-5 5
      Robert S Gallaher Elementary School 3.1 mi Public K-5 2-5 5
      Glasgow High School 3.2 mi Public 9-12 0 0
      Thurgood Marshall Elementary School 3.2 mi Public K-5 4 4
      Pike Creek Christian School 3.3 mi Private PRESCHOOL-8 0 5
      Learning Express Academy 3.4 mi Private K-5 0 5
      Etta J Wilson Elementary School 3.5 mi Public K-5 2-5 4
      St John S Lutheran School 3.6 mi Private 1-8 0 0
      Meadowood Program 3.8 mi Public PRESCHOOL-12 0 0
      Forest Oak Elementary School 3.8 mi Public K-5 2-5 5
      Albert H Jones Elementary School 3.8 mi Public PRESCHOOL-5 1 0
      Edu Care Preshool & Day Care 4.1 mi Private PRESCHOOL-K 0 0
      Delaware Academy Of Public Safety And Security 4.1 mi Public 9-12 0 0
      The Lrng Link Academy & School Of The Prfrmng Arts 4.2 mi Private PRESCHOOL-K 0 0
      May B Leasure Elementary School 4.3 mi Public K-5 2 0
      William B Keene Elementary School 4.5 mi Public K-5 3 5
      Tlk Academy 4.6 mi Private PRESCHOOL-2 0 3
      Paul M. Hodgson Vocational Technical High School 4.8 mi Public 9-12 0 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.