Real Estate Market Update for Newark, NJ
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 35% from one year earlier, and up 1% 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 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 23%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold increased 13% year-over-year, and decreased 32% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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, NJ
Area Information for Newark, NJ
  • Population: 277,368
  • Median Age: 31.71 yr
  • Median Commute Time: 27.55 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 11,468/sq mi
  • Population Change Since 2000: 1.44%
  • Closest Airport: Newark Liberty International
  • Closest College: Umdnj-school Health-related Professions
  • Closest Jr. College: Essex County College
  • Median Household Income: $36,451
  • Annual Residential Turnover: 22.38%
  • Median Years in Residence: 2.32 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: New York Red Bulls
  • Change Avg. Household Income Since 2000: 34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Newark, NJ
Median Age: 31.71 Married: 16% Number of Households: 97,066 Households with Children: 39,065
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, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      New Horizons Comm Charter School 0.2 mi Public K-5 1 3
      Arts High School 0.3 mi Public 7-12 2 4
      Newton Street School 0.3 mi Public PRESCHOOL-8 1 0
      St Mary School 0.3 mi Catholic K-8 0 4
      St Benedict Preparatory School 0.3 mi Catholic 7-12 0 4
      Marion P Thomas Charter High School 0.3 mi Public 9-10 0 0
      Newark Leadership Academy 0.3 mi Public 9-12 0 0
      Newark Vocational High School 0.3 mi Public 9-12 0 3
      Quitman Community School 0.4 mi Public PRESCHOOL-8 0 3
      Science Park High School 0.4 mi Public 7-12 5 4
      West Market Street Center 0.4 mi Public 9-12 2 5
      Peoples Preparatory Charter School 0.5 mi Public - 0 0
      Bard Early College High School 0.5 mi Public 9-12 0 0
      American History High School 0.5 mi Public 7-12 3 3
      Camden Street Elementary 0.5 mi Public PRESCHOOL-8 0 5
      Discovery Cs 0.6 mi Public 4-8 3 3
      Central High School 0.6 mi Public 9-12 0 4
      St Vincent Academy 0.6 mi Catholic 9-12 0 4
      Newark Educators Charter School 0.6 mi Public K-5 1 3
      Cleveland Elementary 0.6 mi Public PRESCHOOL-8 0 4
      Merit Preparatory Of Newark Charter School 0.6 mi Public - 0 0
      Alif Muhammads Nia School 0.6 mi Private 8-12 0 5
      Newark Early College High School 0.6 mi Public 6-9 0 0
      Louise A Spencer School 0.6 mi Public PRESCHOOL-8 1 2
      Fast Track Success Academy 0.6 mi Public 9-12 0 0
      Newark Boys Chorus School 0.7 mi Private 4-8 0 3
      Newark Innovation Academy 0.7 mi Public 9-12 0 0
      University Heights Cs 0.7 mi Public K-5 2-5 3
      Marion P Thomas Charter School 0.7 mi Public PRESCHOOL-8 1 3
      Link Community School 0.7 mi Private 7-8 0 5
      Fourteenth Avenue School 0.8 mi Public K-4 2-5 3
      Philips Academy Charter School 0.8 mi Private K-8 0 4
      Thirteenth Ave 0.8 mi Public PRESCHOOL-8 0 3
      Essex Co Youth House 0.9 mi Public 7-12 0 0
      Harriet Tubman School 0.9 mi Public PRESCHOOL-6 1 4
      Gray Charter School 0.9 mi Public K-8 4 4
      North Star Acad Cs Of Newark 1.0 mi Public 5-8 4-5 5
      Essex Rgc 1.0 mi Public 9-12 0 0
      Miller Street School 1.0 mi Public PRESCHOOL-8 1 2
      Newark Preparatory Charter School 1.0 mi Public - 0 0
      Avon Academy/b.r.i.c.k. School 1.0 mi Public K-8 0 4
      Newark Christian School 1.0 mi Private K-8 0 3
      Paulo Freire Charter School 1.0 mi Public - 0 0
      Great Oaks Charter School 1.0 mi Public 6-7 0 0
      West Side High School 1.1 mi Public 9-12 0 2
      Sussex Ave 1.1 mi Public PRESCHOOL-8 1 0
      Oliver Street School 1.1 mi Public PRESCHOOL-8 2-5 3
      Mckinley School 1.1 mi Public PRESCHOOL-8 0 3
      South St 1.1 mi Public PRESCHOOL-5 1 3
      Malcolm X Shabazz High School 1.1 mi Public 9-12 0 3
      Lafayette Street School 1.2 mi Public PRESCHOOL-8 2-5 3
      Belmont Runyon School 1.2 mi Public PRESCHOOL-8 0 2
      Dr E Alma Flagg School 1.2 mi Public K-8 0 2
      South Seventeenth St 1.3 mi Public K-8 1 2
      Roseville Ave School 1.3 mi Public K-4 1 5
      Full Gospel Christian Academy 1.3 mi Private PRESCHOOL-2 0 4
      Roseville Community Cs 1.4 mi Public K-4 0 0
      Madison Elementary School 1.5 mi Public PRESCHOOL-5 0 2
      Essex Regional School 1.5 mi Public UNGRADE-UNGRADE 0 0
      Benjamin Franklin School 1.5 mi Public PRESCHOOL-4 1 3
      Barringer High School 1.5 mi Public 9-12 0 2
      East Side High School 1.5 mi Public 9-12 1 3
      Ironbound Catholic Academy 1.6 mi Catholic K-8 0 4
      University High School 1.6 mi Public 7-12 3 4
      St Michael School 1.6 mi Catholic K-8 0 3
      Wilson Ave 1.7 mi Public K-8 2-5 5
      Dr William H Horton School 1.7 mi Public K-8 0 3
      Ann Street School 1.7 mi Public PRESCHOOL-8 4 4
      Speedway Ave Elementary School 1.8 mi Public PRESCHOOL-8 0 1
      Hawthorne Avenue School 1.8 mi Public K-8 0 0
      Technology High School 1.8 mi Public 9-12 3-5 5
      Dayton Elementary At Peshine Ave 1.8 mi Public PRESCHOOL-8 1 3
      Branch Brook School 1.8 mi Public PRESCHOOL-4 4 5
      Team Academy Charter School 1.9 mi Public 5-8 2 4
      Roberto Clemente 1.9 mi Public PRESCHOOL-4 0 3
      Alpha And Omega 2.0 mi Private PRESCHOOL-9 0 5
      Bragaw Ave School 2.1 mi Public PRESCHOOL-8 1 4
      Rafael Hernandez School 2.1 mi Public PRESCHOOL-8 0 4
      Alexander Street School 2.2 mi Public 2-8 1 5
      Essex County Vocational School 2.2 mi Public 9-12 3 3
      George Washington Carver School 2.2 mi Public PRESCHOOL-8 0 4
      Robert Treat Academy Cs 2.2 mi Public K-8 4-5 4
      Calvary Christian School 2.3 mi Private PRESCHOOL-5 0 4
      First Avenue School 2.3 mi Public PRESCHOOL-8 1 4
      Elliott Street School 2.4 mi Public PRESCHOOL-4 0 3
      Hawkins Street School 2.4 mi Public PRESCHOOL-8 0 3
      Maple Avenue School 2.4 mi Public PRESCHOOL-8 0 4
      Abington Ave School 2.4 mi Public PRESCHOOL-8 1 4
      St Francis Xavier School 2.5 mi Catholic PRESCHOOL-8 0 3
      Chancellor Ave Annex 2.5 mi Public PRESCHOOL-2 0 5
      Weequahic 2.6 mi Public 9-12 0 2
      Chancellor Ave School 2.6 mi Public 3-8 1 4
      Lincoln Elementary School 2.7 mi Public PRESCHOOL-8 1 2
      Ivy Hill Elementary School 2.8 mi Public PRESCHOOL-8 1 4
      Christ The King Preparatory School 2.9 mi Catholic 9-12 0 1
      Luis Munoz Marin Elementary School 2.9 mi Public PRESCHOOL-8 1 0
      Maria L. Varisco-rogers Cs 3.0 mi Public K-8 2-5 3
      Mt Vernon School 3.1 mi Public PRESCHOOL-8 1 3
      Ridge St Ecc 3.2 mi Public K-8 2-5 4
      New Park School 3.5 mi Public PRESCHOOL-8 2 0
      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, NJ
        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.