Newark’s median sale jumped in August, but price per foot fell for a third straight month, and that second story matters more.<\/p>\n
The median single-family sale in Newark closed at $1,465,000<\/b> in August 2026, up 10.6% from July. In the same month the median price per square foot fell 10.7% to $708<\/b>, its third monthly drop in a row. A higher median alongside a lower price per foot most likely means larger homes closed this month rather than the city getting more expensive. The report does not break out home size, so that is an inference.<\/p>\n
Closed sales softened. They averaged 99.4% of list<\/b>, just under asking, and had spent a median of 27 days<\/b> on market, up from 18 in July, even as August’s new contracts came together faster. Months of inventory finished at 2.23<\/b>, down 8.2% on the month but 14.4% higher<\/b> than a year ago. Newark is still a seller’s market by supply, and on the homes that closed, buyers had more time and more room to negotiate than that number alone suggests.<\/p>\n August 2026 at a glance<\/p>\n The full Newark report, with the free branded PDF<\/p>\n Every price across the pipeline, how price and value moved apart, where August sits in a five-year view, and a three-page PDF you can download and keep.<\/p>\n