Real Estate Statistics
| Average Price | $855K |
|---|---|
| Lowest Price | $230K |
| Highest Price | $1.5M |
| Total Listings | 6 |
| Avg. Days On Market | 40 |
| Avg. Price/SQFT | $289 |
Property Types (active listings)
Newark Houses for Sale
- All Listings
- $200,000 - $300,000
- $300,000 - $400,000
- $700,000 - $800,000
- $900,000 - $1,000,000
- Over $1,000,000
The Newark real estate market offers diverse options for both residential and commercial buyers:
Residential Properties
- Spacious single-family houses with yards perfect for families
- Modern townhouses near public transportation
- Apartments with amenities like gyms and parking spots
- Multi-family homes ideal for investors or extended families
Commercial Properties
- Retail spaces in high-traffic areas
- Office buildings near transportation hubs
- Mixed-use developments combining retail and residential spaces
- Industrial warehouses near Port Newark
- Restaurant and storefront locations downtown
Most residential properties blend historic charm with modern updates, featuring beautiful brick fronts and hardwood floors, alongside updated kitchens with new appliances. The typical home price in Newark now reaches $510,000, showing a 5% increase from last year. Most residential properties sell between $400,000 and $600,000.
Living in Newark, New Jersey
Popular Newark Neighborhoods
Each area in Newark New Jersey has its own character. Forest Hill features beautiful historic houses, Weequahic offers a friendly community feel, and the Ironbound District brings amazing food and cultural festivals.
Transportation Benefits
Getting around from Newark is simple. The train station connects to New York City, Philadelphia, and other major cities. Manhattan is less than 30 minutes away - quicker than from some NYC neighborhoods! The city also features its own international airport and one of America's busiest ports.
Business and Development
Major employers like Prudential Financial, Panasonic, and Audible have headquarters here. New developments like Teachers Village and One Theater Square combine living spaces, shops, and community areas, making Newark real estate more attractive to buyers.
Local Amenities
The city offers plenty of outdoor and urban attractions. Branch Brook Park, famous for its cherry blossoms, spans 218 acres - perfect for recreation. Downtown Newark features walkable streets lined with restaurants, shops, and entertainment venues.
Investment Value
The real estate market in Newark NJ offers several advantages:
- Lower prices than New York City
- Steady property value growth
- Strong rental demand
- Ongoing city improvements
- Excellent transportation links
Newark combines urban convenience with affordable housing, making it ideal for those seeking homes near NYC without the high costs. Whether you're a first-time buyer or investor, the Newark real estate market presents solid opportunities in a growing city.
Contact Newark Experts
Ready to explore Newark NJ real estate options? Contact Robert DeFalco Realty at (718) 987-7900 for personalized advice on finding the ideal property for you.
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