Jersey City, NJ 07305 Real Estate Market Report

ZIP Code: 07305
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Jersey City, NJ (ZIP: 07305) is $499,999, reflecting a competitive market despite the elevated inventory levels. The neighborhood has shown an upward trend in pricing, with the market temperature categorized as hot. This suggests that while there is robust demand, the current supply dynamics may be shifting towards a more balanced state as inventory remains elevated relative to sales activity.

The median days on market stands at 288 days, indicating a slower sales velocity, which may suggest that buyers are taking more time to make purchasing decisions. The median listing price of $565,000 presents a notable gap compared to the median sold price, indicating potential pricing friction as sellers adjust their expectations in response to market conditions. Overall, while the market remains active, the interplay between pricing and inventory suggests a need for careful navigation by both buyers and sellers.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Jersey City NJ 07305 market average 6.38% as of late March 2026, which is 0.28% higher than the average rate of 6.10% seen earlier in 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 median sold price of $499,999 indicates strong transaction activity, despite elevated inventory levels.

2. With a median days on market of 288, the market is experiencing slower sales velocity, suggesting buyers are more cautious.

3. The median listing price of $565,000 shows a significant gap from the sold price, indicating potential pricing friction in the market.

4. The market temperature is classified as hot, reflecting ongoing demand despite the excess supply.

5. Rental demand remains strong with a median market rent of $2,578, indicating continued interest in leasing options.

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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.