The South Broad Street housing market is somewhat competitive. The median sale price of a home in South Broad Street was $650K last month, up 76.9% since last year. The median sale price per square foot in South Broad Street is $205, up 42.4% since last year.
What is the housing market like in South Broad Street today?
In March 2024, South Broad Street home prices were up 76.9% compared to last year, selling for a median price of $650K. On average, homes in South Broad Street sell after 23 days on the market compared to 61 days last year. There were 11 homes sold in March this year, down from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$650,000
+76.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Broad Street, NJ
$650,000
+76.9%
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the South Broad Street housing market?
South Broad Street is somewhat competitive. Homes sell in 73 days.
0
100
53
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 about 1% above list price and go pending in around 73 days.
Hot homes
can sell for about 4% above list price and go pending in around 25 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
Louise A. Spencer Elementary School
Public • PreK-8 • Choice school
766
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.
Risk Factor
Flood Factor - Major
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Broad Street has a major risk of flooding. 574 properties in South Broad Street are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in South Broad Street. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Broad Street has a minor risk of wildfire. There are 3 properties in South Broad Street that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in South Broad Street.
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. 2,425 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