East Newark's real estate market is experiencing a price correction, with values down 17.9% from last year. Home prices have decreased 7.8% in the past month. With 3.0 months of supply, East Newark's inventory levels remain relatively tight. Properties are selling within just 13 days on average, much faster than the historical norm of 293 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the East Newark market with the affordability index at 1005.2. Based on current market indicators, home prices in East Newark are projected to increase by approximately 22.8% over the next month.