Newark, NJ metro area Housing Market Brief
metro · NJ · as of August 2026
What is Newark, NJ metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Newark, NJ metro area in its market cycle?
Newark, NJ metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Newark, NJ metro area?
Our model forecasts Newark, NJ metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Newark, NJ metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $688K | ▲ +6.6% |
| Median Days on Market | 29 days | ▼ -14.7% |
| Months of Supply | 2.7 | ▲ +3.9% |
| Homes for Sale | 4,300 | ▲ +6.3% |
| Homes Sold | 1,629 | ▲ +3.4% |
| Median Price / Sq Ft | $357 | ▲ +4.9% |
How has Newark, NJ metro area’s Alpha Score moved?
Markets like Newark, NJ metro area
- Nassau County, NY metro area, NYmetro45
- Rockingham County, NH metro area, NHmetro46
- Oakland, CA metro area, CAmetro37
- Anaheim, CA metro area, CAmetro32
- Bridgeport, CT metro area, CTmetro42
- Boston, MA metro area, MAmetro36
- Providence, RI metro area, RImetro42
- Worcester, MA metro area, MAmetro41
- San Diego, CA metro area, CAmetro39
- San Rafael, CA metro area, CAmetro41
Frequently asked questions
Is Newark, NJ metro area a buyer's or seller's market?
As of August 2026, Newark, NJ metro area is classified as a Balanced Market, based on its Alpha Score of 40 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Newark, NJ metro area?
The median sale price in Newark, NJ metro area is $688K, having risen 6.6% over the past year.
How affordable is Newark, NJ metro area?
Newark, NJ metro area scores 10 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Newark, NJ metro area's Alpha Score?
Newark, NJ metro area's strongest dimension is Price Momentum (88/100) and its weakest is Rental Yield (8/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Newark, NJ metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.