Newark 2025 Housing Market Update - May 2025

Current Market Overview

As of May 2025, the Newark housing market remains highly competitive with steady demand, especially for single-family homes. Inventory has stayed moderate, with homes continuing to sell quickly—averaging just 9 days on the market. Year-over-year price growth reflects strong buyer confidence, and new developments like Marble and the ParkPlace Specific Plan are fueling interest from both homeowners and investors alike.

Market Statistics

• Active Listings: 71
• Pending Sales: 22
• Homes Sold in April: 40
• Pending to Active Ratio: 43.6%
• Median Home Price in Newark: $1.4 million

Buyer and Seller Insights

• For buyers, acting promptly is critical as homes are selling quickly and prices are on the rise. Securing property now could be advantageous.
• For sellers, the current market conditions are favorable, but pricing your home appropriately remains key to attracting serious buyers.

Economic Growth and Development

• Newark is experiencing growth in various sectors, including technology and manufacturing. The city's strategic location and ongoing development projects are attracting new businesses and residents
• Notable projects include The Marble by Robson Homes, which is underway, offering new single-family and townhomes to cater to the growing demand. Additionally, the Parkplace Specific Plan aims to transform the Newark Mall area into a vibrant mixed-use community