Newark Home Prices & Values

$225,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.3% 1-year change
  • 1.1% 1-year forecast

The median home value in Newark is $225,100. Newark home values have gone up 11.3% over the past year and Zillow predicts they will rise 1.1% within the next year. The median price of homes currently listed in Newark is $259,900 while the median price of homes that sold is $175,000.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Newark is 7.8%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Newark homeowners underwater on their mortgage is 15.8%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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Newark Market Overview

Data through Jul 31, 2014
  • $225,100 ZHVI
  • 1.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $259,900 Median listing price
  • No recent data Median sale price
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Newark Market Health

Data through Jul 31, 2014
  • 3.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 15.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sugar Grove $247,200 Oswego $224,800 Big Rock $214,400
Yorkville $205,300 Minooka $173,500 Sandwich $162,300
Morris $161,400 Montgomery $148,900 Plano $123,500

Listings & Sales

Data through Jul 31, 2014
  • $115 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 56.8% Listings with price cut
9.0%
Sold below listing
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Newark Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,904 Newark
$1,639 Chicago Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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