Monthly market wrap MONTHLY MARKET WRAP Newark Single-family homes · May 2026 The Newark market eased in May: most key signals moved the buyer's way. Median sale price $1.31M ▼ -18.7% vs Apr Time to pending 14d ▼ 5 days faster vs Apr Sold over asking 57% ▼ -1 pts vs Apr Active listings 53 ▲ +3.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Newark Single-family homes · May 2026 Most Newark SFHs are still selling over asking (57%). Price to invite competition. 103.8% average sale price vs. asking price Sold over asking 57% vs. a year ago +23 pts 106.5% 103.8% 101.2% Sold at asking price 103.8% 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 Single-family homes · May 2026 The typical Newark SFH closes +3.8% above its asking price. +$85K median sale price minus asking price Median asking price $1.23M Median sale price $1.31M $1.53M $1.36M $1.2M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Newark Single-family homes · May 2026 Newark SFH values dipped -6.1% from a year ago. $1.31M median sale price Year over year -6.1% Homes sold last month 23 $1.41M $1.21M $1.01M $1.31M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Newark Single-family homes · May 2026 Newark SFHs are flying off the market in 14 days, 2 days faster than last year. 14 days median time to pending Gone within two weeks 43% vs. a year ago 2 days faster 48d 32d 16d 14d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Newark Single-family homes · May 2026 Newark inventory is up 12.8% year over year, a steadier supply picture for SFHs. 53 active listings Year over year +12.8% Months of supply 2.3 45 30 14 53 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 Single-family homes · May 2026 25% of Newark listings cut their asking price last month, up 8 pts from a year ago. 25% of active listings cut their asking price vs. a year ago +8 pts Active listings 53 30% 22% 14% 25% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Newark Single-family homes · May 2026 Newark moves at two speeds: 43% of SFHs were gone inside two weeks while the rest sat longer. 43% of listings went pending within two weeks Median time to pending 14 days vs. a year ago +14 pts 51% 39% 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 Single-family homes · May 2026 November is historically Newark's calmest month for buyers: 6.0 pts less over-asking than April. November historically the calmest month for buyers Buyer's edge vs April -6.0 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.7 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 Single-family homes · May 2026 A Newark SFH bought in 2016 has gained +79% in value since. +79% median sale price growth since 2016 Median price in 2016 $735K Average gain per year +6.0% $1.3M $1.08M $860K $1.31M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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