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Foreclosure Homes in Newark, NJ

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Newark, NJ Foreclosures

How much do homes sell for in Newark, NJ?
The average home price is currently $515,445.
In Newark, NJ, how many homes are available?
There are currently 1,767 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 $63,707,692.
What is currently the cheapest priced home in Newark, NJ?
The cheapest home for sale in Newark is priced at $12,768.

Living in Newark, NJ

Newark, NJ, is a thriving urban center that offers a mix of cultural activities, parks, and educational opportunities. With its proximity to New York City, residents benefit from easy access to big-city amenities while enjoying a unique local lifestyle. The city's dynamic neighborhoods are filled with diverse dining options and artistic expression.

Current Market Conditions in Newark, NJ

The real estate market in Newark has been steadily improving, with an uptick in demand for both residential and commercial properties. Investors are particularly drawn to the area's potential for growth, as redevelopment projects and urban renewal initiatives continue to reshape the landscape.

Home Value Estimator For Newark, NJ

There are currently 37,141 real estate properties in Newark, NJ, with a median automated valuation model (AVM) price of $497,017.00. 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 $515,445.00, with the most expensive house in Newark, NJ, topping out at $63,707,692.00 and the cheapest home in Newark, NJ, clocking in at $12,768.00. 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 Foreclosures

Market Trend for Newark, NJ

Total Listings Available: 1,767

Market Values:

Home Prices from $12,768 to $63,707,692

Average Sales Price: $515,445

Rental Values:

Rental from $850 to $4,620

Average Rent Value: $1,774 / month

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