Newark, NY Home Values & Market Trends
Real estate market trends reflect that there have been 142 transactions over the past year in Newark. The median value for residential home transactions that occurred over the previous year is $163,404.5. The number of current listings in Newark is 5, and the percentage of properties for sale in the city is 5.00%. Newark, NY currently has 48 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 5 properties for sale.
Newark, NY Real Estate Market Overview
Zip | Median Est. Value |
---|---|
14513 | $ 201,923 $ 123/sqft |
Housing Market Summary for Newark, NY
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $159.9K | $162.5K | 1.60% |
Median Sold Price | $129.1K | $162.5K | 25.88% |
Homes For Sale | 5 | 4 | -20.00% |
Homes Sold | 91 | 54 | -40.66% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Newark, NY
Browse Homes in Newark, NY
Newark home values range from $20,172 to $707,165. The median estimated value of a home in Newark is $163,404.5. The median list price of a home is 299,999, and the total count of properties in the city is 3,951.
- Pre-ForeclosurePre-foreclosure homes account for 1.19% of all residential properties in Newark, NY with 14513 containing 47 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Newark, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $299,807 in 14513 to the lowest home value of $59,900 in 14513.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Newark, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Newark, NY. There is 1 zips within Newark, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions14513 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Newark, NY. Auction homes and other auction properties account for 0.03% of all properties in Newark, NY. There is 1 zips within Newark, NY; of that zips, the median estimated home value for homes going to auction ranges from $166,315 in 14513 to the lowest value of $166,315 in 14513.
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Guide for Newark, NY
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.