Real Estate Market Update for Newark, NJ
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 42% from one year earlier, and down 12% 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 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased 8% year-over-year, and increased 47% 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, 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 Community Charter School 0.2 mi Public K-5 1 3
      Arts High School 0.3 mi Public 7-12 1 4
      St. Benedict's Preparatory School 0.3 mi Catholic 7-12 0 4
      St Mary School 0.3 mi Catholic K-8 0 4
      Visions Academy Charter 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 1 3
      Quitman Community School 0.4 mi Public PRESCHOOL-8 0 3
      Science High School 0.4 mi Public 7-12 4 4
      West Market Street Vocational School 0.4 mi Public 9-12 2 5
      Great Oaks Charter School 0.5 mi Public 6-8 0 0
      People's Preparatory Cha 0.5 mi Public - 0 0
      American History High School 0.5 mi Public 7-12 2 3
      Camden Street Elementary School 0.5 mi Public PRESCHOOL-8 0 5
      Discovery Charter School 0.6 mi Public 4-8 4-5 3
      Central High School 0.6 mi Public 9-12 1 4
      St. Vincent Academy 0.6 mi Catholic 9-12 0 4
      Sr Clara Muhammad School 0.6 mi Private 7-8 0 0
      Newark Educators Charter School 0.6 mi Public PRESCHOOL-5 1 3
      Cleveland Elementary School 0.6 mi Public PRESCHOOL-8 0 4
      Merit Preparatory Of Newark Charter School 0.6 mi Public - 0 0
      Louise A. Spencer Elementary School 0.6 mi Public PRESCHOOL-8 0 2
      Newark Boys Chorus School 0.7 mi Private 4-8 0 3
      University Heights Charter School 0.7 mi Public K-5 1 3
      Marion P. Thomas Charter School 0.7 mi Public PRESCHOOL-8 1 3
      Link Community Charter School 0.7 mi Private 7-8 0 5
      Link Community Charter School 0.7 mi Public - 0 0
      Fourteenth Avenue Elementary School 0.8 mi Public K-4 0 3
      Phillip's Academy Cs 0.8 mi Public - 0 0
      Philip's Academy Charter School 0.8 mi Private K-8 0 4
      Thirteenth Avenue Elementary School 0.8 mi Public PRESCHOOL-8 0 3
      Harriet Tubman Elementary School 0.9 mi Public PRESCHOOL-6 1 4
      Gray Charter School 0.9 mi Public K-8 2-5 4
      Alif Muhammad's Nia School 0.9 mi Private 9-12 0 5
      North Star Academy Charter School Of Newark 1.0 mi Public 5-8 4-5 5
      Miller Street Elementary School 1.0 mi Public PRESCHOOL-8 1 2
      Newark Preparatory Charter School 1.0 mi Public - 0 0
      Avon Avenue Elementary 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
      West Side High School 1.1 mi Public 9-12 1 2
      Sussex Avenue Elementary School 1.1 mi Public PRESCHOOL-8 0 0
      Oliver Street Elementary School 1.1 mi Public PRESCHOOL-8 1 3
      Kay's Christian Place & Learning Center 1.1 mi Private PRESCHOOL-K 0 0
      Mckinley Elementary School 1.1 mi Public PRESCHOOL-8 0 3
      South Street Elementary School 1.1 mi Public PRESCHOOL-5 0 3
      Malcolm X Shabazz High School 1.1 mi Public 9-12 1 3
      Lafayette Street Elementary School 1.2 mi Public PRESCHOOL-8 2 3
      Belmont-runyon Elementary School 1.2 mi Public PRESCHOOL-8 0 2
      Dr. E. Alma Flagg Elementary School 1.2 mi Public K-8 0 2
      South Seventeenth Street Elementary School 1.3 mi Public K-8 1 2
      Full Gospel Christian Academy 1.3 mi Private PRESCHOOL-2 0 4
      Early Childhood Academy - Gladys Hillman Jones 1.4 mi Public - 0 0
      Roseville Community Charter School 1.4 mi Public K-4 0 0
      Franklin Elementary School 1.5 mi Public PRESCHOOL-4 0 3
      Barringer High School 1.5 mi Public 9-12 1 2
      East Side High School 1.5 mi Public 9-12 1 3
      Early Childhood Academy - West 1.6 mi Public - 0 0
      Ironbound Catholic Academy 1.6 mi Catholic K-8 0 4
      University High School 1.6 mi Public 7-12 2 4
      St Michael School 1.6 mi Catholic K-8 0 3
      Wilson Avenue Elementary School 1.7 mi Public K-8 2 5
      Dr. William H. Horton Elementary School 1.7 mi Public K-8 0 3
      Perpetual Help Day Nursery 1.7 mi Catholic PRESCHOOL-K 0 0
      Ann Street Elementary School 1.7 mi Public PRESCHOOL-8 2 4
      Speedway Academies 1.8 mi Public PRESCHOOL-8 0 1
      Hawthorne Avenue Elementary School 1.8 mi Public K-8 2 0
      Technology High School 1.8 mi Public 9-12 2-5 5
      Peshine Avenue Preparatory School 1.8 mi Public PRESCHOOL-8 0 3
      Branch Brook School 1.8 mi Public PRESCHOOL-4 3 5
      Essex Regional School 1.9 mi Public UNGRADE-UNGRADE 0 0
      Team Academy Charter School 1.9 mi Public 5-8 2-5 4
      Roberto Clemente Elementary School 1.9 mi Public PRESCHOOL-4 0 3
      Alpha And Omega 2.0 mi Private PRESCHOOL-12 0 5
      Rafael Hernandez Elementary School 2.1 mi Public PRESCHOOL-8 0 4
      Essex County Vocational School 2.2 mi Public 9-12 3 3
      George Washington Carver Elementary School 2.2 mi Public PRESCHOOL-8 0 4
      Robert Treat Academy Charter School 2.2 mi Public K-8 3 4
      Calvary Christian School 2.3 mi Private PRESCHOOL-5 0 4
      First Avenue Elementary School 2.3 mi Public PRESCHOOL-8 3 4
      Elliott Street Elementary School 2.4 mi Public PRESCHOOL-4 2-5 3
      Hawkins Street Elementary School 2.4 mi Public PRESCHOOL-8 0 3
      Growing Garden Pre Sch & Kng 2.4 mi Private PRESCHOOL-K 0 0
      Abington Ave. Elementary School 2.4 mi Public PRESCHOOL-8 0 4
      St. Francis Xavier School 2.5 mi Catholic PRESCHOOL-8 0 3
      Chancellor Avenue Annex Elementary School 2.5 mi Public PRESCHOOL-PRESCHOOL 0 5
      Eagle Academy For Young Men Of Newark 2.6 mi Public - 0 0
      Girls Academy Of Newark 2.6 mi Public - 0 0
      Weequahic High School 2.6 mi Public 9-12 1 2
      Chancellor Avenue Elementary School 2.6 mi Public K-8 1 4
      North Star Academy Vailsburg Middle School 2.6 mi Public K-8 0 0
      Sacred Heart Elementary School 2.6 mi Catholic PRESCHOOL-8 0 0
      Lincoln Elementary School 2.7 mi Public PRESCHOOL-8 0 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 Ele 2.9 mi Public PRESCHOOL-8 1 0
      Maria L. Varisco-rogers Charter School 3.0 mi Public K-8 3-5 3
      Mount Vernon Elementary School 3.1 mi Public PRESCHOOL-8 2-5 3
      Ridge Street Elementary School 3.2 mi Public K-8 1 4
      New Park School 3.5 mi Public PRESCHOOL-8 3 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.