Newark, NJ 07103 Real Estate Market Report

ZIP Code: 07103
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Newark, NJ 07103 are averaging 6.37% as of April 9, 2026, which is 0.15% higher than the previous week.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. $500,000 median sold price indicates recent transaction-level value and should be the primary anchor for comps and pricing discussions; consider conservative pricing when listing to avoid extended time on market and pricing friction (moderate caution).

2. 294 days median days on market signals slower sales velocity; sellers should expect longer marketing periods and buyers may have negotiation leverage (stable/slow).

3. $587,000 median listing price vs. sold prices suggests a listing-to-sale gap—price aggressively relative to comparable sales to improve time-to-contract and reduce concession risk (pricing friction).

4. $2,394 median market rent remains elevated, supporting buy-and-hold strategies for investors focused on rental income in this submarket, though elevated interest rates increase holding cost sensitivity (elevated interest rate pressure).

5. $185.33772652388797 median price per square foot and a 1.8450000000000002% property tax rate provide transaction-level cost context for valuation and cash-flow modeling; use these exact inputs when benchmarking offers and underwriting deals.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.