Jersey City, NJ 07306 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

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.

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 recent transactions is the median sold price of $647,000, which anchors local market value and indicates recent closed-sale pricing in the 07306 ZIP code.
2. Transaction velocity is slow as shown by the median days on market of 334, which suggests extended listing durations and down pressure on pricing that may create pricing friction for sellers.
3. Price and rent trends are soft: year-over-year the median sold price trend is down and the median market rent of $2,500 is paired with a rent year-over-year trend that is down, indicating weakening rental demand and increasing landlord concessions may be present.
4. Market balance is mixed: market temperature is neutral and interest rate pressure is moderate, while sample supply conditions appear as relatively constrained active supply in recent analyzed transactions, which together suggest a broadly balanced market with localized pricing softness rather than a clear seller’s or buyer’s market.

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.