HudsonCondos.com
Jersey City, NJ 07307
Single-Family Homes
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Jersey City, NJ 07307
Fri Apr 19 2024
This week the median list price for Jersey City, NJ 07307 is $644,499 with the market action index hovering around 29. This is less than last month's market action index of 35. Inventory has held steady at or around 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
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 | $644,499 | |
| Median Price of New Listings | $550,000 | |
| Per Square Foot | $630 | |
| Average Days on Market | 138 | |
| Median Days on Market | 67 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. 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 |
|---|---|---|---|---|---|---|---|---|
| $759,900 | 1,206 | 0 - 4,500 sqft | 6 | 4.5 | 23 | 0 | 0 | 84 |
| $699,999 | 0 | 0 - 4,500 sqft | 3 | 1.5 | NaN | 0 | 0 | 49 |
| $589,000 | 0 | 0 - 4,500 sqft | 2 | 1 | NaN | 0 | 0 | 420 |
| $550,000 | 0 | 0 - 4,500 sqft | 3 | 2 | 129 | 1 | 0 | 0 |