Monthly market wrap MONTHLY MARKET WRAP Newark Condos · May 2026 The Newark market eased in May: most key signals moved the buyer's way. Median sale price $672K ▼ -22.3% vs Apr Time to pending 20d ▲ 2 days slower vs Apr Sold over asking 25% ▼ -13 pts vs Apr Active listings 16 +0.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Newark Condos · May 2026 Only 25% of Newark condos sold over asking, so buyers have room to negotiate. 98.3% average sale price vs. asking price Sold over asking 25% vs. a year ago -55 pts 100.9% 99.7% 98.4% Sold at asking price 98.3% 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 Condos · May 2026 Newark condos are closing +1.7% below asking. The list price has become a starting point. -$558K median sale price minus asking price Median asking price $1.23M Median sale price $672K $1.21M $909K $607K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Newark Condos · May 2026 Newark condo values are climbing, up +22.2% in a year. $672K median sale price Year over year +22.2% Homes sold last month 4 $980K $798K $615K $672K Apr 2019 Nov 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Newark Condos · May 2026 The typical Newark condo goes pending in 20 days, 30 days faster than last year. 20 days median time to pending Gone within two weeks 40% vs. a year ago 30 days faster 76d 51d 25d 20d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Newark Condos · May 2026 Newark inventory is down 15.8% year over year, keeping buyer choice tight. 16 active listings Year over year -15.8% Months of supply 4.0 18 14 10 16 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 Condos · May 2026 19% of Newark listings cut their asking price last month, down 44 pts from a year ago. 19% of active listings cut their asking price vs. a year ago -44 pts Active listings 16 44% 33% 23% 19% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Newark Condos · May 2026 Newark moves at two speeds: 40% of condos were gone inside two weeks while the rest sat longer. 40% of listings went pending within two weeks Median time to pending 20 days vs. a year ago +26 pts 53% 32% 12% Half of listings 40% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Newark Condos · May 2026 December is historically Newark's calmest month for buyers: 3.9 pts less over-asking than April. December historically the calmest month for buyers Buyer's edge vs April -3.9 pts Years of Redfin data 10+ Yearly average J F M A M J J A S O N D -1.8 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 Condos · May 2026 A Newark condo bought in 2016 has gained +51% in value since. +51% median sale price growth since 2016 Median price in 2016 $444K Average gain per year +4.2% $838K $687K $536K $672K Mar 2016 Apr 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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