07107 Housing Market Report January 2025•Essex County, New Jersey

Housing Prices in 07107, NJ

How much do homes in 07107, NJ cost?

Median List Price

$549,900$315/SqFt

+$199,900

+57.1%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 07107 has increased by 57.1% since last year.

Summary: The median home list price in 07107 was $549,900 in January 2025, up 57.1% from the previous year, and the median price per square foot was $315.

Median List Price By Zip Codes

City	Jan 2024	Jan 2025	Change YoY
07107	$350K	$549.9K	+57.1%
07104	$399.9K	$550K	+37.5%
07103	$325K	$399.9K	+23.1%
07018	$375K	$449K	+19.7%
07017	$399.9K	$475K	+18.8%

Median List Price By Bedrooms

Beds	Jan 2024	Jan 2025	Change YoY
11 Bedroom	$220K	$147K	-33.2%
22 Bedrooms	$279K	$342K	+22.6%
33 Bedrooms	$349.9K	$350K	0.0%
44 Bedrooms	$350K	$425K	+21.4%
55+ Bedrooms	$425K	$649K	+52.7%

Summary: 07107 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -33.2%. The home price for 2 bedroom homes increased by +22.6%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +21.4%. The home price for 5 bedroom homes increased by +52.7%.

Housing supply in 07107, NJ

How many homes are available in 07107, NJ?

Number of Homes For Sale

Last Month	2 months ago	Change MoM
88Last MonthJan 2025
742 months agoDec 2024	+18.9 % Change MoMDec – Jan

Summary: The 07107 real estate market had 88 homes for sale in Jan 2025, a 18.9 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Beds	Dec 2024	Jan 2025	Change MoM
11 Bedroom	0	1	+100.0%
22 Bedrooms	3	2	-33.3%
33 Bedrooms	4	5	+25.0%
44 Bedrooms	4	6	+50.0%
55+ Bedrooms	63	74	+17.5%

Summary: 07107 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes increased by +17.5%.

Asking Price vs. Sold Price

How much do homes in 07107, NJ cost?

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in 07107, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 07107 in January 2025, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.

Days on Market for 07107, NJ

How long does it take to sell a home in 07107, NJ?

Average Listing Age

This Year	1 year ago	Change YoY
112 DaysThis YearJan 2025
134 Days1 year agoJan 2024	-16.6 % Change YoYJan 2024 – Jan 2025

Summary: Homes in 07107 had an average listing age of 112 days in Jan 2025, down by 16.6% compared to the previous year.

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Newest Listings in 07107, NJ

What homes are available in 07107, NJ?

See More Listings

New - 8 hours on Rocket

$5,938 Closing Credit¹

$500,000

5 beds • 3 baths

51 6th St, Newark NJ 07107

#25005225, Monia Stratman, Listing Office: Weichert Realtors, Westfield

New - 3 days on Rocket

$6,294 Closing Credit¹

$530,000

5 beds • 2.5 baths

67 N 11th St, Newark City NJ 07107

#3946062, Listing Office: GLOBAL REALTY RESOURCE

56 N 6th St, Newark City NJ, 07107, 7 bedrooms, 3 baths multi for sale

New - 4 days on Rocket

$6,994 Closing Credit¹

$589,000

7 beds • 3 baths

56 N 6th St, Newark City NJ 07107

#3946071, Listing Office: A & E CURTINEZ REALTY LLC

empty room with crown molding, baseboard heating, and light hardwood / wood-style flooring

New - 4 days on Rocket

$6,709 Closing Credit¹

$565,000

5 beds • 2 baths

194 12th St, Newark NJ 07107

#25004388, Jorge Velasquez, Listing Office: RE/MAX Professionals 1

view of front facade featuring covered porch

unfurnished room featuring dark wood-type flooring

New - 5 days on Rocket

$9,488 Closing Credit¹

$799,000

9 beds • 5 baths

188 10th St, Newark NJ 07107

#25004725, Theresa Venezia, Listing Office: Prominent Properties Sothebys International Realty-Montclair

view of front of property featuring a balcony

New - 7 days on Rocket

$7,897 Closing Credit¹

$665,000

6 beds • 4 baths

197 S 9th St, Newark City NJ 07107

#3945329, Listing Office: EXP REALTY, LLC

kitchen with white appliances and decorative light fixtures

kitchen featuring white appliances, decorative light fixtures, and dark tile patterned floors

$6,768 Closing Credit¹

$569,900

8 beds • 3.5 baths

24 N 5th St, Newark City NJ 07107

#3945357, Listing Office: EXP REALTY, LLC

view of front of home featuring a garage

office with light hardwood / wood-style floors

$10,000 Closing Credit¹

$850,000

6 beds • 4 baths

21 5th St, Newark NJ 07107

#25004354, Eva Tineo, Listing Office: Living New Jersey Realty

$6,531 Closing Credit¹

$550,000

9 beds • 3 baths

72 N 13th St, Newark City NJ 07107

#3945009, Listing Office: KEYPOINT REALTY LLC

multi unit property with a garage and a balcony

view of property featuring a garage and a balcony

$8,253 Closing Credit¹

$695,000

6 beds • 5 baths

192 S 9th St, Newark NJ 07107

#25003276, Jorge Velasquez, Listing Office: RE/MAX Professionals 1

rear view of property featuring a patio area

$4,216 Closing Credit¹

$355,000

5 beds • 2.5 baths • 1,575 sqft

43 S 9th St, Newark City NJ 07107

#3944505, Listing Office: ERA QUEEN CITY REALTY

entrance foyer featuring concrete flooring

$5,936 Closing Credit¹

$499,900

4 beds • 2 baths

322 N 10th St, Newark City NJ 07107

#3944712, Listing Office: RE/MAX SELECT

Nearby markets

MLS Disclaimers and Copyright

Based on information from New Jersey MLS, Garden State MLS, and Realty Multiple Listing System Inc. for the period 02/01/2023 - 02/01/2025

Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/18/2025, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/18/2025, 11:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/18/2025, 11:15:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.