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Jersey City, NJ 07307

Condos/Townhomes

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Jersey City, NJ 07307

Wed Oct 09 2024
This week the median list price for Jersey City, NJ 07307 is $912,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 34. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Jersey City, NJ 07307

Wed Oct 09 2024
This week the median list price for Jersey City, NJ 07307 is $912,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 34. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $912,000
Median Price of New Listings $644,000
Per Square Foot $574
Average Days on Market 97
Median Days on Market 84
Price Decreased 18%
Price Increased 0%
Relisted 53%
Inventory 34
Median Rent
Market Action 37
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
$1,299,000 1,750 0 - 4,500 sqft 3 2 14 0 0 84
$949,500 1,624 0 - 4,500 sqft 3 2 7 1 1 73
$838,000 1,534 0 - 4,500 sqft 3 2 1 0 1 133
$499,000 926 6,500 - 8,000 sqft 2 1 44 3 2 84