Monthly market wrap MONTHLY MARKET WRAP Newark All home types · May 2026 The Newark market tilted hotter in May: most key signals moved the seller's way. Median sale price $1.23M ▲ +5.0% vs Apr Time to pending 15d ▼ 6 days faster vs Apr Sold over asking 53% ▲ +0 pts vs Apr Active listings 83 ▼ -3.5% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Newark All home types · May 2026 Most Newark homes are still selling over asking (53%). Price to invite competition. 102.5% average sale price vs. asking price Sold over asking 53% vs. a year ago +5 pts 105.0% 103.1% 101.1% Sold at asking price 102.5% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Newark All home types · May 2026 The typical Newark home closes +2.5% above its asking price. +$4K median sale price minus asking price Median asking price $1.23M Median sale price $1.23M $1.4M $1.29M $1.18M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Newark All home types · May 2026 Newark home values dipped -3.2% from a year ago. $1.23M median sale price Year over year -3.2% Homes sold last month 32 $1.29M $1.1M $910K $1.23M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Newark All home types · May 2026 The typical Newark home goes pending in 15 days, 3 days faster than last year. 15 days median time to pending Gone within two weeks 43% vs. a year ago 3 days faster 38d 25d 13d 15d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Newark All home types · May 2026 Newark inventory is up 3.8% year over year, a steadier supply picture for homes. 83 active listings Year over year +3.8% Months of supply 2.6 74 52 30 83 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Newark? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Newark All home types · May 2026 1 in 4 Newark listings cut its asking price last month, down 3 pts from a year ago. 27% of active listings cut their asking price vs. a year ago -3 pts Active listings 83 30% 23% 17% 27% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Newark All home types · May 2026 Newark moves at two speeds: 43% of homes were gone inside two weeks while the rest sat longer. 43% of listings went pending within two weeks Median time to pending 15 days vs. a year ago +16 pts 48% 37% 27% Half of listings 43% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Newark All home types · May 2026 November is historically Newark's calmest month for buyers: 5.3 pts less over-asking than April. November historically the calmest month for buyers Buyer's edge vs April -5.3 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.3 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Newark All home types · May 2026 A Newark home bought in 2016 has gained +79% in value since. +79% median sale price growth since 2016 Median price in 2016 $689K Average gain per year +6.0% $1.21M $1000K $791K $1.23M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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