Why Live in Newark
Newark makes up much of northern Delaware, ranking as the third-most populated city in the state. With parts of the city lying on the state’s boundaries between Maryland and Pennsylvania, the downtown area is surrounded by a network of subdivisions and neighborhoods convenient to Interstate 95, which runs right through the region. “Newark is a great location for ease of access to some of the most important things, like shopping and entertainment,” says Ingram Foster, a team lead and salesperson with the Bryan Realty Group. “There’s sought-after neighborhoods in Delaware and the Newark area. Those are the biggest things, and obviously the campus for the University of Delaware being right there is very attractive for a lot of reasons.”
The university sits right in the city and serves as a major presence in the area, in terms of both students and employment. Once the weather turns autumnal and the leaves change colors and cover the ground, it’s a popular gathering spot for Delaware Blue Hens football games at Delaware Stadium. The team counts longtime NFL quarterback Joe Flacco, who won Super Bowl XLVII and the game's MVP award with the Baltimore Ravens, among its alumni. “Every
Home Trends in Newark, DE
On average, homes in Newark, DE sell after 18 days on the market compared to the national average of 50 days. The median sale price for homes in Newark, DE over the last 12 months is $370,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$379,450
Median Townhouse Sale Price
$580,700
Median 2 Bedroom Sale Price
$225,000
Median 1 Bedroom Sale Price
$167,750
Average Price Per Sq Ft
$209
Number of Homes for Sale
102
Last 12 months Home Sales
791
Median List Price
$375,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%