The University-Newark Core housing market is very competitive. The median sale price of a home in University-Newark Core was $370K last month, down 17.8% since last year. The median sale price per square foot in University-Newark Core is $226, down 27.1% since last year.
What is the housing market like in University-Newark Core today?
In March 2024, University-Newark Core home prices were down 17.8% compared to last year, selling for a median price of $370K. On average, homes in University-Newark Core sell after 19 days on the market compared to 24 days last year. There were 5 homes sold in March this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$370,000
-17.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
University-Newark Core, DE
$370,000
-17.8%
United States
To compare other locations to the University-Newark Core 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 University-Newark Core housing market?
University-Newark Core is very competitive. Homes sell in 8 days.
0
100
88
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 3% above list price and go pending in around 8 days.
Hot homes
can sell for about 9% above list price and go pending in around 4 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
96.4%
+1.2 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
University-Newark Core, DE
96.4%
+1.2 pt
United States
Home offer insights for University-Newark Core
Explore recent offers and recently sold homes in University-Newark Core
Recent offers
View houses in University-Newark Core that sold recently
Learn about schools in the University-Newark Core area
Elementary
Middle
High
GreatSchools Rating
7/10
West Park Place Elementary School
Public • K-5
338
Students
9 reviews
4/10
Jones (albert H.) Elementary School
Public • K-5
355
Students
N/A
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 University-Newark Core housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in University-Newark Core.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
University-Newark Core has a moderate risk of flooding. 214 properties in University-Newark Core are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in University-Newark Core. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
University-Newark Core has a minor risk of wildfire. There are 81 properties in University-Newark Core that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in University-Newark Core.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
University-Newark Core has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. University-Newark Core is most at risk from hurricanes. 2,009 properties in University-Newark Core 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 79 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.
92% of properties are at severe
risk of heat over the next 30 years
Heat Factor
University-Newark Core has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 92% of homes in University-Newark Core have a Severe Heat Factor®.
University-Newark Core is expected to see a 100% increase in the number of days over 104ºF over the next 30 years. University-Newark Core is expected to experience 6