Median price
for residential condos
in Newark, NJ
as of May, 2023.
Take into account that the price depends on the location and condition of the condo. The size and amenities might have a large influence on the asking price as well.
Condo Size |
May | vs Last Month |
---|---|---|
1-bed condos | $219,450 | -24.1% |
2-bed condos | $249,950 | -20% |
3-bed condos | $287,000 | +3.9% |
4+ bed condos | $414,450 | N/A |
During the May 2023, the median price for a condominium in/near Newark, NJ spiked by 0.8% to $292,713.
The property value of a 1-bed condo went down by 24.1%, so the price tag starts at $219,450. The price for 2-bed condo rolled bak by 20%, it is now for sale for $249,950. The median price for 3-bed condo surged by 3.9% producing the price of $287,000. The price for 4- and more bed condo remains steady, it’s available for $414,450.