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Jersey City, NJ 07306

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Jersey City, NJ 07306

Wed Dec 18 2024
This week the median list price for Jersey City, NJ 07306 is $699,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Jersey City, NJ 07306

Wed Dec 18 2024
This week the median list price for Jersey City, NJ 07306 is $699,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 9. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $699,000
Median Price of New Listings $699,000
Per Square Foot $389
Average Days on Market 61
Median Days on Market 28
Price Decreased 22%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent
Market Action 39
Slight Seller's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,199,500 2,760 0 - 4,500 sqft 5 2.8 NaN 0 0 140
$847,500 2,490 0 - 4,500 sqft 4 3.3 NaN 0 0 98
$697,000 0 - 4 2 NaN 1 0 3
$600,000 1,668 0 - 4,500 sqft 3 2 NaN 0 0 14