Jersey City, NJ 07304 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. Median sold price $448,000 indicates the representative recent sale level and, together with a median listing price $600,000, suggests a meaningful gap between asking and transaction levels; pricing friction may persist as sellers adjust expectations toward realized sale values.
2. Median days on market 357 points to markedly slower sales velocity and extended time-to-contract in the analyzed sample, which may indicate that achieving the median sold price requires patience or targeted pricing strategies rather than rapid turnover; slower transaction velocity suggests staging, targeted marketing, or price concessions could be necessary.
3. Median price per square foot $352 provides a clear unit-value benchmark for underwriting and competitive pricing; when combined with the higher median listing price, this unit metric can help sellers and buyers more precisely align on realistic listing strategies and offer thresholds.
4. Median market rent $2,445 and an observed rent year-over-year trend of up signal strengthening rental demand, creating opportunities for investor buyers to capture rising income streams—however, elevated interest rate pressure (current 30-year fixed at 6.53%, higher than 6.0% earlier in 2026) increases financing costs and may compress near-term returns; elevated interest rate pressure warrants careful financing scenario planning.

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.