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Jersey City, NJ 07305

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Jersey City, NJ 07305

Wed Apr 24 2024
This week the median list price for Jersey City, NJ 07305 is $556,999 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 10. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Jersey City, NJ 07305

Wed Apr 24 2024
This week the median list price for Jersey City, NJ 07305 is $556,999 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 10. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Jersey City market.
Median List Price $556,999
Median Price of New Listings $0
Per Square Foot $322
Average Days on Market 119
Median Days on Market 91
Price Decreased 40%
Price Increased 0%
Relisted 30%
Inventory 10
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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
$894,499 3,900 0 - 4,500 sqft 5 3 52 0 0 91
$662,500 0 0 - 4,500 sqft 4 2.5 NaN 0 0 105
$514,999 1,238 0 - 4,500 sqft 4 2 39 0 0 70
$450,000 0 0 - 4,500 sqft 3 2 127 0 0 196