The South Newark housing market is very competitive. The median sale price of a home in South Newark was $380K last month, up 69.5% since last year. The median sale price per square foot in South Newark is $164, down 3.8% since last year.
What is the housing market like in South Newark today?
In March 2024, South Newark home prices were up 69.5% compared to last year, selling for a median price of $380K. On average, homes in South Newark sell after 8 days on the market compared to 6 days last year. There were 5 homes sold in March this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,000
+69.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Newark, DE
$380,000
+69.5%
United States
To compare other locations to the South Newark and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Newark add value to a home.
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How hot is the South Newark housing market?
South Newark is very competitive. Homes sell in 8 days.
0
100
89
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 8 days.
Hot homes
can sell for about 5% above list price and go pending in around 2 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Newark housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Newark.
Risk Factor
Flood Factor - Major
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Newark has a major risk of flooding. 101 properties in South Newark are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in South Newark. Flood risk is increasing slower than the national average.
22% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Newark has a moderate risk of wildfire. There are 159 properties in South Newark that have some risk of being affected by wildfire over the next 30 years. This represents 22% of all properties in South Newark.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
South Newark has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Newark is most at risk from hurricanes. 719 properties in South Newark have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 88 mph.