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Jersey City, NJ 07305

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Jersey City, NJ 07305

Fri Mar 29 2024
This week the median list price for Jersey City, NJ 07305 is $545,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 31. 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 started cooling and prices have been flat for several weeks. Since 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 07305

Fri Mar 29 2024
This week the median list price for Jersey City, NJ 07305 is $545,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 31. 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 started cooling and prices have been flat for several weeks. Since 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 $545,000
Median Price of New Listings $610,000
Per Square Foot $403
Average Days on Market 71
Median Days on Market 56
Price Decreased 13%
Price Increased 3%
Relisted 26%
Inventory 31
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$849,000 1,915 - 3 2.5 21 0 0 56
$619,500 1,530 0 - 4,500 sqft 2 2 80 1 0 108
$499,999 1,348 0.5 - 1 acre 2 2 NaN 0 0 45
$349,000 766 0.25 - 0.5 acre 1 1 24 0 0 28