Name: Pending Sales — 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

How many homes went pending in Newark (07103)?

Accepted Answer

34 Multi-Family (2-4 Unit) homes were pending sale in ZIP 07103 during the 90-day period ending 2026-03-31, based on Redfin data. Pending sales are properties under contract that have not yet closed.

Question 2

What do pending sales in 07103 tell a seller about buyer demand?

Accepted Answer

Pending sales measure how many Multi-Family (2-4 Unit) homes in ZIP 07103 had accepted contracts during the 90-day period ending 2026-03-31. This is a forward-looking demand signal — pending contracts reflect buyer decisions already made, before those transactions close. A higher pending count means more buyers are actively committing to purchases; a lower count means fewer.

Question 3

How is the pending sales count in 07103 measured?

Accepted Answer

The pending sales count for ZIP 07103 is the number of Multi-Family (2-4 Unit) properties that had accepted contracts during the 90-day period ending 2026-03-31. It counts homes under contract — not closed sales, not active listings. A property is counted as pending from the time a contract is accepted until the transaction closes or falls through. Data source: Redfin.

Question 4

Are pending sales in 07103 higher or lower than last year?

Accepted Answer

Pending Multi-Family (2-4 Unit) sales in ZIP 07103 are up 21.4% compared to the same 90-day period one year ago, as of March 31, 2026. Rising pending sales indicate strengthening buyer demand; falling pending sales indicate softening demand.

Question 5

How do pending sales compare to homes sold in 07103?

Accepted Answer

In ZIP 07103, 34 Multi-Family (2-4 Unit) homes were pending while 22 closed during the 90-day period ending 2026-03-31. Pending sales reflect buyer demand converting to contracts; closed sales reflect those contracts completing. Together they indicate whether near-term buyer activity is tracking ahead of, in line with, or behind completed transaction volume.

Question 6

How do pending sales compare to active inventory in 07103?

Accepted Answer

In ZIP 07103, 34 Multi-Family (2-4 Unit) homes were pending against a total active inventory of 61 during the 90-day period ending 2026-03-31. Comparing pending contracts to active listings gives a rough sense of how much of the available supply is already under contract — a higher ratio indicates strong buyer absorption of available inventory. Data source: Redfin.

34 homes went pending in 07103, up 21.4% from last year.