Home asking prices in Newark have surged in recent months despite a slight softening of the housing market in New Jersey overall. Image via 123rf.com.

New data on homes for sale over the course of 2026 shows that while the Garden State overall has seen a slight dip in asking prices, the Brick City is defying the trend and heating up.

A recent analysis from HousingWire determines that Newark is defying New Jersey’s somewhat cooling housing market. The median home listing prices in the city saw 7.66% year-over-year increase to $492,500, while the state median fell slightly by 0.79%.

Year-to-date data from HousingWire show that Newark’s median asking price has climbed steadily from $481,275 in January to $487,863 in March, then dipped slightly to $485,667 in April. Over the same period, inventory in Newark climbed 34.31% to 137 homes for sale, indicating that demand has remained robust enough to continue pushing prices higher.

Despite the good news, Newark still only registers as a slight seller’s market with 2.9 months of inventory compared to just 1.8 months of supply statewide. Newark homes are spending a median of 56 days on the market, while 14.6% of listings saw price decreases over this year.

New listings in Newark peaked in January at 55 and have since tapered to 46 in April, while absorption has slowed from 65 homes in February to 38 in April.

Throughout New Jersey, statewide inventory rose 7.70% to a total of 10,146 homes while new listings surged 23.84% year-over-year. That reality has perhaps contributed to the slight softening of sale prices in the Garden State, which has regularly ranked highly in recent years for escalating home prices.

The full analysis can be found here from HousingWire, a data-based company that unites proprietary market data, expert analysis, technology solutions, trusted media, and industry-defining events under one brand.