Newark Housing Market: Trends and Forecast 2024-2025

Home Sales The number of homes sold in Newark has dipped slightly in recent months. October 2024 saw 100 homes sold, a decrease … See more

3%
OFF

NJ Housing Market Predictions For 2025: What To Expect In The …

2 weeks from now

Dec 27, 2024 · In its 2025 Housing Forecast, Realtor.com is predicting an average rate of 6.3% for a 30-year fixed mortgage.Other housing forecasts from experts at Zillow and the National …

usatoday.com

3%
OFF

Newark, New Jersey Housing Market Report December 2024

2 weeks from now

There are 679 homes for sale in Newark, Essex County with a median price of $440,000, which is an increase of 7.3% since last month. See more real estate market trends for Newark.

rockethomes.com

$475000
OFF

Newark Housing Market: Prices, Trends, Predictions 2024 – …

2 weeks from now

Feb 25, 2024 · The Newark housing market in 2024 has seen notable growth and presents promising trends for potential buyers and sellers alike. With a median sale price of $475,000, …

airdeed.media

3%
OFF

Will Homeowners Finally Sell In 2025? Here's What The Experts Say

2 weeks from now

Jan 6, 2025 · The Realtor.com® economic research team projects that mortgage rates will average 6.3% through 2025 and end 2024 at around 6.2%, dashing any hopes for a return to …

realtor.com

7%
OFF

2025 Housing Market Outlook: Trends And Predictions - Business …

2 weeks from now

Dec 27, 2024 · Key factors influencing housing market trends. ... with the consumer price index rising 2.7% year over year in November 2024, down from June 2022's 9.1% peak. Because …

businessinsider.com

9%
OFF

Housing Market Predictions For 2025: When Will Home Prices Drop?

2 weeks from now

Dec 19, 2024 · Housing Market Forecast 2025. U.S. home prices posted a 3.9% annual gain in September—down from 4.2% annual growth in August, according to the latest S&P CoreLogic …

forbes.com

0%
OFF

25+ Housing Market Predictions For The Next 5 Years [2024-2028]

2 weeks from now

Jul 19, 2024 · Housing market projections from economists at the University of Michigan forecast that Core CPI inflation will be around 4.0% year over year in 2024 Q4, slowing down to 3.0% …

realwealth.com

6%
OFF

December 2024 Monthly Housing Market Trends Report

2 weeks from now

Jan 2, 2025 · According to the Realtor.com December housing data, the seasonal dive in inventory arrived in December with a month-over-month decrease of 8.6% from November. …

realtor.com

4%
OFF

UK Property Market Review: Housing Trends, & 2025 Outlook

2 weeks from now

Dec 18, 2024 · Looking ahead to 2025, consensus forecasts suggest house price growth of 3.4%, with further gains of 4% anticipated in 2026, painting a more stable and positive outlook for the …

garrington.co.uk

FAQs about Newark Housing Market: Trends and Forecast 2024-2025 Coupon?

How competitive is the Newark Housing Market?

The Newark housing market is somewhat competitive. Homes in Newark receive 4 offers on average and sell in around 43 days. The median sale price of a home in Newark was $523K last month, up 5.6% since last year. The median sale price per square foot in Newark is $257, up 42.0% since last year. What is the housing market like in Newark today? ...

How did Newark homes sell in October 2024?

In October 2024, Newark home prices were up 5.6% compared to last year, selling for a median price of $523K. On average, homes in Newark sell after 43 days on the market compared to 74 days last year. There were 100 homes sold in October this year, down from 130 last year. ...

How did Newark Housing prices change in April 2024?

Summary: Newark housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 41.2%. How many homes are available in Newark, NJ? ...

How will New Jersey's real estate market change in 2024?

In 2024, the median sale price will keep increasing marginally due to NJ’s tight inventory. The sale-to-list price ratio is at 101.1%. Home Sales: As per January 2023 data, home sales decreased by 7.5% YoY! In January 2024, only 5,317 homes were sold, down from 5,750 in January 2023. Average Rent Prices: Rental costs vary statewide. ...

Will New Jersey home prices rise in 2024?

Looking towards the future, experts predict a gradual stabilization of the New Jersey housing market. According to forecasts, home prices are expected to rise in 2024 and may continue to follow this upward trajectory into 2025. ...

How much is a Newark home worth?

The average Newark, NJ home value is $447,496, up 6.2% over the past year and goes to pending in around 28 days. What is the Zillow Home Values Index? ...