Bayonne, NJ 07002 Real Estate Market Report

ZIP Code: 07002
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Bayonne, NJ, are averaging approximately 6.35%, reflecting the prevailing market conditions for property owners in this area as of May 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the median sold price of 595,000, confirms recent transaction-level value and aligns with a mild upward price trajectory (up) reported in broader trend metrics.

2. There is notable pricing tension between the median listing price of 599,000 and the median sold price of 595,000, which may indicate modest seller optimism relative to completed transactions and suggests pricing friction rather than a large valuation gap.

3. The median days on market of 322 points to slower sales velocity and extended marketing timelines, which, combined with the sample characterization of supply, appears to reflect slower transaction volume and reduced liquidity compared with faster-moving markets.

4. Market context shows a median price per square foot of 378 and a median market rent of 2,215 while financing conditions reflect current mortgage pricing near 6.35% under moderate interest rate pressure; these factors collectively suggest balanced buyer-seller dynamics with caution around financing affordability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Bayonne, NJ 07002 Real Estate Market Report

ZIP Code: 07002
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Bayonne, NJ, are averaging approximately 6.35%, reflecting the prevailing market conditions for property owners in this area as of May 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's median sold price is $277,500, which should be treated as the primary indicator of recent market value; price trends are up, supporting mild appreciation in realized transaction prices.

2. The median days on market is 339, signaling notably slower sales velocity and potential pricing friction that may require more aggressive positioning or concessions to accelerate closings; this pace suggests relatively constrained active supply relative to transaction activity rather than rapid turnover.

3. The median price per square foot is $363 per square foot while the median market rent is $2,100; with rents showing a year-over-year down trend, investors and owners should reassess rent-based return assumptions and underwriting sensitivity to weaker rental growth.

4. Financing conditions are a material consideration: current 30-year fixed mortgage rates are averaging approximately 6.35%, and interest rate pressure is characterized as moderate, which may temper buyer affordability and influence negotiating leverage for price and concessions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.