Do homes sell over asking in Newark, NJ?
In Newark, NJ, 67% of homes sold for more than the asking price during May 2026. The other 33% sold at or below what the seller asked.
Across all sales, the typical home fetched 105% of its asking price. That is above the asking price on average, which means bidding is still happening on the better homes.
16% of the homes on the market cut their price during the same stretch. A high number there and a low number above asking usually means sellers are starting too high.
A share this high means well-priced homes in Newark, NJ are still drawing competing offers. If you are buying, expect to need your best number first.
Source: Redfin's published market data for the Newark, NJ area, through May 2026.
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More about the Newark, NJ market
- When is the best month to sell a house in Newark, NJ?
- How long does it take to sell a house in Newark, NJ?
- Are home prices going up or down in Newark, NJ?
- Is Newark, NJ a buyer's market or a seller's market?
- How many homes are for sale in Newark, NJ?
- All Newark, NJ housing numbers
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Figures come from Redfin's published market data for the Newark, NJ area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.