Name: Median Sale Price — ZIP 07103 Multi-Family (2-4 Unit), March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median sale price in Newark (07103)?

Accepted Answer

The median sale price for Multi-Family (2-4 Unit) homes in ZIP 07103 was $692,500 for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the median sale price in 07103 mean for sellers?

Accepted Answer

The median sale price reflects what Multi-Family (2-4 Unit) homes in ZIP 07103 have actually closed for, not what they were listed at. At $692,500, this is the midpoint of all closed transactions in the 90-day period ending 2026-03-31. Half of homes sold for more; half sold for less.

Question 3

How is the median sale price in 07103 calculated?

Accepted Answer

The median sale price for ZIP 07103 is derived from closed sale transactions recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all Multi-Family (2-4 Unit) sales in that period. Data source: Redfin.

Question 4

Is the median sale price in 07103 higher or lower than last year?

Accepted Answer

The median sale price in ZIP 07103 is up 4.9% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median sale price compare to the median list price in 07103?

Accepted Answer

In ZIP 07103, the median list price was $725,000 and the median sale price was $692,500 for the 90-day period ending 2026-03-31. Homes closed at a median of $32,500 below asking.

Median sale price in 07103 was $692,500, up 4.9% from last year.