Jersey City, NJ 07305 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

Key Findings

1. The primary indicator of market value is the median sold price $436,000; this representative recent sale level, when compared with the median listing price $559,900, suggests a pricing gap that may indicate seller expectations are ahead of realized transaction prices.
2. The median days on market 328 points to slower sales velocity in recent transactions and, coupled with the available sample context, suggests moderate liquidity rather than rapid turnover—pricing and marketing strategies should account for longer exposure windows.
3. With the broader price trend labeled up and the median market rent $2,400 also $2,400, upward pressure on both sales prices and rents appears present; this up trend supports cautious price appreciation strategies for sellers and informs underwriting assumptions for investors.
4. Macro headwinds are meaningful: market temperature neutral coexists with interest rate pressure elevated, so while market balance appears maintained, elevated interest rate pressure may constrain affordability and slow transaction velocity—price realism and financing contingencies remain important for successful closings.

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.