Newark’s rolling three-month data through May 2026 shows striking year-over-year shifts. The typical home value is up sharply, rising more than 100% from a year ago, while the median list price has fallen by roughly a third over the same period. Inventory has also changed character, with months of supply soaring from about 1 to nearly 13, signaling a much looser market than last year.
Looking at the latest period, only one home sold and there were four active listings, underscoring how light recent sales activity has been. Homes are taking much longer to sell, with the median days on market jumping to 78 days and increasing dramatically compared with last year. Despite the slower pace, sellers who did close deals were in a strong pricing position, with an average sale-to-list ratio above 103% and a share of homes sold above list that now exceeds 100% in this small sample.
New listings show mixed momentum, having doubled from the prior three-month window but still trending below last year’s level. This combination of fewer closed sales, higher supply, and strong sale-to-list performance points to a market where pricing power and pace can vary significantly from one property to the next. In a setting like Newark, both buyers and sellers can benefit from Agent Pronto’s help connecting with a local agent who understands these shifting conditions.
