Why Live in University Heights
University Heights in Newark, New Jersey, is a vibrant neighborhood known for its academic institutions, including Rutgers University Newark, Rutgers New Jersey School of Medicine, New Jersey Institute of Technology, and Essex County Community College. This area is characterized by townhomes and apartment complexes, a shift from its 1960s brownstone homes. The neighborhood is well-connected, with easy access to Downtown Newark's shopping, dining, and public transportation options. Major highways like Interstate 280 and the Garden State Parkway are nearby, and New York City is about 15 to 20 miles away by car, accessible via the George Washington Bridge or Lincoln Tunnel, or by public transit. University Heights is close to several attractions, such as Branch Brook Park, famous for its Cherry Trees, and the New Jersey Performing Arts Center. The neighborhood also features Veterans Memorial Park, which offers walking paths, a fountain, and a gazebo. University Heights supports a mix of public, private, and charter schools, including University Heights Charter School, Philips Academy Charter School, and St. Vincent Academy. The presence of higher education institutions brings a dynamic atmosphere, with around 30,000 students contributing to the local economy and culture. Residents have many opportunities to work within the neighborhood or commute to surrounding areas like Jersey City, Bayonne, and New York City.
Home Trends in University Heights, NJ
On average, homes in University Heights, Newark sell after 38 days on the market compared to the national average of 51 days. The median sale price for homes in University Heights, Newark over the last 12 months is $350,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$357,500
Median Townhouse Sale Price
$340,000
Median 2 Bedroom Sale Price
$350,000
Median 1 Bedroom Sale Price
$257,500
Average Price Per Sq Ft
$341
Number of Homes for Sale
4
Last 12 months Home Sales
41
Median List Price
$360,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%