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Jersey City, NJ 07302

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Jersey City, NJ 07302

Thu Mar 28 2024
This week the median list price for Jersey City, NJ 07302 is $1,100,000 with the market action index hovering around 28. This is an increase over last month's market action index of 24. Inventory has increased to 5. Click here to stay informed with the Jersey City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Jersey City, NJ 07302

Thu Mar 28 2024
This week the median list price for Jersey City, NJ 07302 is $1,100,000 with the market action index hovering around 28. This is an increase over last month's market action index of 24. Inventory has increased to 5. Click here to stay informed with the Jersey City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $1,100,000
Median Price of New Listings $1,399,000
Per Square Foot $794
Average Days on Market 200
Median Days on Market 182
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,250,000 7,150 - 5 4 NaN 0 0 546
$1,399,000 1,638 - 3 2 NaN 1 1 0
$1,100,000 0 0 - 4,500 sqft 4 2 NaN 0 0 182
$1,047,000 0 0 - 4,500 sqft 4 2.3 NaN 0 0 136