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Jersey City, NJ 07307
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Jersey City, NJ 07307
Wed Dec 18 2024
This week the median list price for Jersey City, NJ 07307 is $843,500 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has held steady at or around 84.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $843,500 | |
| Median Price of New Listings | $524,488 | |
| Per Square Foot | $570 | |
| Average Days on Market | 85 | |
| Median Days on Market | 56 | |
| Price Decreased | 21% | |
| Price Increased | 4% | |
| Relisted | 40% | |
| Inventory | 84 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,099,000 | 1,762 | 0 - 4,500 sqft | 3 | 2.5 | 54 | 0 | 6 | 56 |
| $949,000 | 1,552 | - | 3 | 2 | 54 | 1 | 2 | 91 |
| $699,000 | 1,325 | 0 - 4,500 sqft | 3 | 2 | 98 | 1 | 2 | 63 |
| $399,999 | 802 | 0 - 4,500 sqft | 2 | 1 | 44 | 6 | 4 | 35 |