Updated May 2026 · Redfin · 3-month window
07108 Real Estate Market Update: Newark, NJ, May 2026
The latest housing-market numbers for ZIP code 07108 in Newark, New Jersey, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $649K | ▲ +0.6% | ▼ -9.2% |
| Days on market | 64 | ▼ -8.6% | ▼ -24.7% |
| Homes for sale | 58 | ▼ -7.9% | ▲ +41.5% |
| Sale-to-list | 102.1% | ▼ -0.2% | ▼ -1.3% |
| Homes sold | 37 | ▲ +2.8% | ▼ -5.1% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 07108 numbers say
The 07108 ZIP in Newark is cooling. The median sale price sits at $649,000, 9.2% below last year. The market has loosened: a typical listing now takes around 64 days to go under contract, with sellers getting 102.1% of list price.
Based on 37 recent sales, 07108 is currently an active market.
What this means if you sell in 07108
Use these figures to set expectations early. Lead a listing appointment with the median price and the 64-day pace, show the year-over-year direction, and frame 07108 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Newark post →Frequently asked: the 07108 housing market
- What is the median home price in ZIP 07108 (Newark, NJ)?
- As of May 2026, the median sale price in ZIP 07108 is $649,000 (-9.2% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 07108 a buyer's or seller's market right now?
- ZIP 07108 is currently an active market, based on a 102.1% sale-to-list ratio, about 64 days on market for May 2026.
- How long do homes take to sell in ZIP 07108?
- A typical listing in 07108 goes under contract in about 64 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 07108 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.