Newark, NJ
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA purchase-only, principal metropolitan division · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · FHFA publishes the largest metros only as their principal metropolitan division, so this is the core of the metro rather than the whole of it.
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +5.4%
nominal +5.4%
Five years
Five years real +26.1%
nominal +45.9%
Ten years
Ten years real +50.2%
nominal +96.3%
Twenty-five years
Twenty-five years real +68.0%
nominal +197.5%
Since 2000
Since 2000 real +89.8%
nominal +245.7%
2007 to 2012
crash, real −32.3%
2007Q2 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 458.9 | 458.9 | real year on year +4.5% |
| 2025 Q4 | 439.3 | 439.3 | real year on year +3.6% |
| 2024 Q4 | 424.1 | 424.1 | real year on year +9.2% |
| 2023 Q4 | 377.4 | 388.5 | real year on year +6.4% |
| 2022 Q4 | 340.7 | 365.1 | real year on year −1.0% |
| 2021 Q4 | 318.7 | 368.9 | real year on year +4.8% |
| 2020 Q4 | 290.4 | 351.9 | real year on year +11.1% |
| 2019 Q4 | 258.1 | 316.7 | real year on year +1.5% |
| 2018 Q4 | 249.8 | 312.1 | real year on year +1.2% |
| 2017 Q4 | 241.1 | 308.5 | real year on year +2.4% |
| 2016 Q4 | 230.5 | 301.2 | real year on year +1.1% |
| 2015 Q4 | 225.2 | 298.0 | real year on year +0.6% |
| 2014 Q4 | 223.6 | 296.3 | real year on year +1.2% |
| 2013 Q4 | 217.5 | 292.8 | real year on year +2.8% |
| 2012 Q4 | 208.5 | 284.9 | real year on year −3.3% |
| 2011 Q4 | 211.2 | 294.6 | real year on year −6.7% |
| 2010 Q4 | 219.6 | 315.9 | real year on year −7.3% |
| 2009 Q4 | 232.9 | 340.6 | real year on year −2.6% |
| 2008 Q4 | 240.1 | 349.8 | real year on year −10.8% |
| 2007 Q4 | 259.1 | 392.0 | real year on year −3.9% |
| 2006 Q4 | 262.1 | 407.9 | real year on year −3.7% |
| 2005 Q4 | 263.8 | 423.8 | real year on year +7.6% |
| 2004 Q4 | 237.1 | 393.7 | real year on year +10.8% |
| 2003 Q4 | 208.3 | 355.3 | real year on year +8.0% |
| 2002 Q4 | 188.7 | 329.0 | real year on year +14.8% |
| 2001 Q4 | 161.8 | 286.7 | real year on year +8.8% |
| 2000 Q4 | 144.7 | 263.6 | real year on year +7.7% |
| 1999 Q4 | 130.0 | 244.8 | real year on year +7.9% |
| 1998 Q4 | 117.9 | 226.9 | real year on year +5.2% |
| 1997 Q4 | 110.3 | 215.6 | real year on year −0.0% |
| 1996 Q4 | 107.8 | 215.6 | real year on year −2.3% |
| 1995 Q4 | 107.2 | 220.6 | real year on year −3.3% |
| 1994 Q4 | 107.8 | 228.0 | real year on year −1.6% |
| 1993 Q4 | 106.7 | 231.7 | real year on year −2.1% |
| 1992 Q4 | 105.9 | 236.7 | real year on year +0.6% |
| 1991 Q4 | 102.1 | 235.2 | — |
2026 Q2459 · real 459real year on year +4.5%
2025 Q4439 · real 439real year on year +3.6%
2024 Q4424 · real 424real year on year +9.2%
2023 Q4377 · real 389real year on year +6.4%
2022 Q4341 · real 365real year on year −1.0%
2021 Q4319 · real 369real year on year +4.8%
2020 Q4290 · real 352real year on year +11.1%
2019 Q4258 · real 317real year on year +1.5%
2018 Q4250 · real 312real year on year +1.2%
2017 Q4241 · real 309real year on year +2.4%
2016 Q4230 · real 301real year on year +1.1%
2015 Q4225 · real 298real year on year +0.6%
Show all 36 years
2014 Q4224 · real 296real year on year +1.2%
2013 Q4217 · real 293real year on year +2.8%
2012 Q4209 · real 285real year on year −3.3%
2011 Q4211 · real 295real year on year −6.7%
2010 Q4220 · real 316real year on year −7.3%
2009 Q4233 · real 341real year on year −2.6%
2008 Q4240 · real 350real year on year −10.8%
2007 Q4259 · real 392real year on year −3.9%
2006 Q4262 · real 408real year on year −3.7%
2005 Q4264 · real 424real year on year +7.6%
2004 Q4237 · real 394real year on year +10.8%
2003 Q4208 · real 355real year on year +8.0%
2002 Q4189 · real 329real year on year +14.8%
2001 Q4162 · real 287real year on year +8.8%
2000 Q4145 · real 264real year on year +7.7%
1999 Q4130 · real 245real year on year +7.9%
1998 Q4118 · real 227real year on year +5.2%
1997 Q4110 · real 216real year on year −0.0%
1996 Q4108 · real 216real year on year −2.3%
1995 Q4107 · real 221real year on year −3.3%
1994 Q4108 · real 228real year on year −1.6%
1993 Q4107 · real 232real year on year −2.1%
1992 Q4106 · real 237real year on year +0.6%
1991 Q4102 · real 235—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 35084. Real terms by the World Bank's US consumer price index, annual.