Jersey City, NJ 07305 Real Estate Market Report

ZIP Code: 07305
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 Jersey City, NJ 07305 are averaging approximately 6.35%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 value indicator, median sold price $519,000, anchors recent transactions while the broader price trend is down, signaling modest downward pressure on sale prices with medium/high confidence.

2. The market shows slower sales velocity: median days on market 304 is consistent with prolonged listing lifecycles and, combined with the sample context, suggests relatively constrained active supply and a measured pace of transactions rather than rapid turnover; this may indicate pricing friction for sellers.

3. There is a notable spread between median listing price $549,000 and median sold price $519,000, which suggests seller expectations may be loftier than final transaction levels and could require price adjustments or longer marketing to achieve sales—this represents potential negotiation room for buyers and a pricing challenge for sellers. pricing friction.

4. Financing and rental context are mixed: interest rate pressure elevated (current 30-year fixed rates averaging approximately 6.35%) alongside a down rent year-over-year trend and a neutral market temperature, implying financing costs are a headwind while rent softening tempers investor returns and keeps transactional activity balanced.

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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.

Jersey City, NJ 07305 Real Estate Market Report

ZIP Code: 07305
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

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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 Jersey City, NJ 07305 are averaging approximately 6.35%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 $454,000, points to transaction-level value slightly above asking context (median listing price of $450,000) and suggests recent sales are completing near seller expectations; neutral market temperature supports balanced negotiation dynamics.

2. The median days on market of 322 indicates materially slower sales velocity, which may reflect pricing friction or careful buyer selection rather than immediate distress; combined with a neutral market temperature, this suggests moderate transaction velocity and a need for realistic pricing to accelerate closings.

3. Despite downward pressure in headline metrics—price year-over-year trend is down and rent year-over-year trend is down—the median market rent remains $2,495, indicating rental demand persists even as rents soften, so investors should weigh occupancy stability against softer rent growth.

4. With elevated interest rate pressure and median price per square foot at $376, sellers should be prepared for extended marketing times and buyers to negotiate; given the reported sample indicates relatively constrained active supply, pricing that reflects the slower velocity and current financing environment is likely to improve liquidity.

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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.