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Jersey City, NJ 07304

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Jersey City, NJ 07304

Fri Mar 29 2024
This week the median list price for Jersey City, NJ 07304 is $450,000 with the market action index hovering around 30. This is less than last month's market action index of 41. Inventory has increased to 21. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Jersey City, NJ 07304

Fri Mar 29 2024
This week the median list price for Jersey City, NJ 07304 is $450,000 with the market action index hovering around 30. This is less than last month's market action index of 41. Inventory has increased to 21. 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

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $450,000
Median Price of New Listings $450,000
Per Square Foot $558
Average Days on Market 57
Median Days on Market 42
Price Decreased 5%
Price Increased 0%
Relisted 33%
Inventory 21
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$849,000 1,521 4,500 - 6,500 sqft 3 2 124 0 0 56
$549,000 973 1 - 2.5 acres 2 2 94 0 0 56
$449,000 790 - 1 1 NaN 1 0 56
$349,902 794 1 - 2.5 acres 1 1 112 0 2 14