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Jersey City, NJ 07306

Condos/Townhomes

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Jersey City, NJ 07306

Tue Oct 15 2024
This week the median list price for Jersey City, NJ 07306 is $440,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 27. 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 Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Jersey City, NJ 07306

Tue Oct 15 2024
This week the median list price for Jersey City, NJ 07306 is $440,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 27. 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 Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $440,000
Median Price of New Listings $799,000
Per Square Foot $551
Average Days on Market 85
Median Days on Market 77
Price Decreased 26%
Price Increased 0%
Relisted 19%
Inventory 27
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,099,000 1,800 - 3 2 NaN 2 0 122
$579,900 1,014 1 - 2.5 acres 2 2 NaN 2 0 63
$409,999 852 6,500 - 8,000 sqft 2 1 49 0 0 56
$299,999 560 0.25 - 0.5 acre 1 1 68 1 1 98