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Short Sale Listings in Newark, NJ 07114

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Newark, NJ Foreclosures

How much do homes sell for in Newark, NJ?
The average home price is currently $524,967.
In Newark, NJ, how many homes are available?
There are currently 11 active home listings available in Newark.
What’s the average rental cost in Newark, NJ?
The average rental price in Newark is $1,774.
What is the most expensive home in Newark?
The most expensive home sold in Newark had a price of $63,568,996.
What is currently the cheapest priced home in Newark, NJ?
The cheapest home for sale in Newark is priced at $12,773.

Living in Newark, NJ

Newark, New Jersey, is the largest city in the state and is known for its rich cultural diversity and vibrant urban life. With numerous educational institutions, including Rutgers University and the New Jersey Institute of Technology, the city offers a wide array of opportunities for residents. Newark boasts a mix of historical architecture and modern living, making it an attractive place for families and professionals alike.

Current Market Conditions in Newark, NJ

The current real estate market in Newark shows a strong demand for housing, with a growing number of new developments and renovations in the area. The city is seeing an influx of buyers looking for urban living with convenient access to transportation and amenities, boosting property values.

Home prices in Newark have been on the rise, attributed to the city's revitalization efforts and strong employment opportunities in various sectors. As interest from buyers increases, the competition in the housing market is becoming more vibrant, leading to quicker sales and potentially higher asking prices.

Home Value Estimator For Newark, NJ

There are currently 37,304 real estate properties in Newark, NJ, with a median automated valuation model (AVM) price of $510,813.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newark, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Newark, NJ, is $524,967.00, with the most expensive house in Newark, NJ, topping out at $63,568,996.00 and the cheapest home in Newark, NJ, clocking in at $12,773.00. In other words, there’s something for every potential homebuyer or savvy investor in Newark, NJ!

Rent Prices In Newark, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newark, NJ, is on a rollercoaster ride. The average rent price in Newark, NJ, is $1,774.00. Indeed, when looking to rent in Newark, NJ, you can expect to pay as little as $850.00 or as much as $4,620.00, with the average rent median estimated to be $1,790.00. The good news is that finding an affordable and desirable property to rent in Newark, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Newark, NJ 07114 Short Sale Listings

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