In August 2017, there were 13 homes sold, with a median sale price of $309,000 - a 11.9% increase over the $276,250 median sale price for the same period of the previous year. There were 14 homes sold in Newark in August 2016.
The median sales tax in Newark for the most recent year with available data, 2015, was $1,582, approximately 0.5% of the median home sale price for August 2017.
The following table compares Newark to other New Castle County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Star | 9 | 6 | 50% | $340,000 | $415,000 | -18.1% |
| Pierson Farms | 2 | 0 | - | $335,750 | $0 | - |
| Pine Valley Farms | 1 | 0 | - | $326,000 | $0 | - |
| Townsend | 10 | 23 | -56.5% | $310,957 | $300,500 | 3.5% |
| Tybrook | 1 | 0 | - | $310,000 | $0 | - |
| Newark | 13 | 14 | -7.1% | $309,000 | $276,250 | 11.9% |
| Wood Mill | 1 | 1 | 0% | $299,900 | $155,000 | 93.5% |
| West Meadow | 1 | 0 | - | $299,000 | $0 | - |
| Llangollen Estates | 1 | 1 | 0% | $286,655 | $192,000 | 49.3% |
| Middletown | 12 | 22 | -45.5% | $284,609 | $352,335 | -19.2% |
| Montclare | 1 | 0 | - | $282,000 | $0 | - |
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