The South Broad Street housing market is somewhat competitive. The median sale price of a home in South Broad Street was $530K last month, down 15.2% since last year. The median sale price per square foot in South Broad Street is $262, up 34.4% since last year.
What is the housing market like in South Broad Street today?
In October 2024, South Broad Street home prices were down 15.2% compared to last year, selling for a median price of $530K. On average, homes in South Broad Street sell after 71 days on the market compared to 98 days last year. There were 13 homes sold in October this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$530,000
-15.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
South Broad Street, NJ
$530,000
-15.2%
United States
To compare other locations to the South Broad Street 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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Work with the best agents in South Broad Street
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How hot is the South Broad Street housing market?
South Broad Street is somewhat competitive. Homes sell in 56 days.
0
100
55
Somewhat 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 9 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 56 days.
Hot homes
can sell for about 5% above list price and go pending in around 25 days.
Learn about schools in the South Broad Street area
Elementary
Middle
High
GreatSchools Rating
5/10
Louise A. Spencer Elementary School
Public • PreK-8
738
Students
3 reviews
NR
Miller Street Elementary School
Public • PreK-8
499
Students
3 reviews
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 Broad Street housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Broad Street.
Flood Factor - Moderate
27% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Broad Street has a moderate risk of flooding. 426 properties in South Broad Street are likely to be
severely affected
by flooding over the next 30 years. This represents 27% of all properties in South Broad Street. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
South Broad Street has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Broad Street is most at risk from hurricanes. 2,259 properties in South Broad Street 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 91 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
South Broad Street has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in South Broad Street have a Severe Heat Factor®.
South Broad Street is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. South Broad Street is expected to experience 7