Why Live in Newark
Newark, DE, is a small city in northern Delaware, bordered by Maryland and Pennsylvania. It is the third-most populated city in the state, with a population of around 30,000. The University of Delaware is a central feature, influencing both the local economy and culture. The university's presence makes Newark a vibrant place, especially during football season when Delaware Blue Hens games draw crowds. The city is known for its walkability, particularly around Main Street and the university campus. Newark offers a variety of things to do, from shopping at the Christiana Mall, the largest in Delaware, to exploring local parks like White Clay Creek State Park and Glasgow Regional Park. The area experiences all four seasons, with higher-than-average rainfall and below-average snowfall. Housing in Newark primarily consists of single-family homes built between 1950 and 2000, with townhouses also available, particularly in the southeastern part of the city. The median home price is below the national average, but the market is competitive with low inventory. Newark is conveniently located near Interstate 95, providing easy access to major cities and amenities.
Home Trends in Newark, DE
On average, homes in Newark, DE sell after 19 days on the market compared to the national average of 51 days. The median sale price for homes in Newark, DE over the last 12 months is $375,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$447,570
Median 2 Bedroom Sale Price
$220,000
Median 1 Bedroom Sale Price
$170,000
Average Price Per Sq Ft
$209
Number of Homes for Sale
111
Last 12 months Home Sales
754
Median List Price
$375,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%