Jersey City, NJ 07306 Real Estate Market Report

ZIP Code: 07306
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.

---

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

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.

---

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

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.

---

Key Findings

1. The primary indicator of market value is the median sold price: 837,000, which remains the clearest signal of recent transactions and aligns with a up price year-over-year trend, suggesting transaction-level pricing has strengthened versus last year.

2. There is a notable gap between the median listing price: 739,000 and the median sold price, which may indicate pricing friction or seller expectations misaligned with recent closed transactions; sellers should calibrate expectations to recent sold outcomes rather than listing anchors.

3. The median days on market: 275 points to slower sales velocity, which, combined with elevated inventory relative to sales activity in the analyzed sample, suggests liquidity is muted and sellers may need longer marketing windows or price concessions to secure offers.

4. Rental dynamics show a median market rent: 2,500 while rent is trending down, and elevated interest rate pressure is present—together these factors may continue to constrain affordability and dampen buyer uptake in the near term.

---

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 07306 Real Estate Market Report

ZIP Code: 07306
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.

---

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

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.

---

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

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.

---

Key Findings

1. The neighborhood value is best represented by the median sold price 394,000, which indicates recent transaction-level pricing that is meaningfully below the median listing price 449,000, suggesting ongoing pricing friction between seller expectations and completed sales; monitor listing-to-sale compression as a near-term arbitrage opportunity for buyers.

2. Liquidity appears slow: the median days on market 325 points to protracted marketing cycles and suggests slower sales velocity that may require price concessions or renewed marketing to close transactions; down in pace relative to typical urban markets.

3. Price momentum shows a year-over-year uplift (up), while rent trends are down, so investors should weigh modest capital appreciation potential against softer rental growth when underwriting acquisitions using the median market rent 2,500.

4. Supply context in the analyzed sample appears relatively constrained active supply, and combined with elevated interest rate pressure (elevated), affordability pressure may keep some buyer segments sidelined despite a neutral market temperature (neutral); pricing and financing flexibility will be decisive for deal execution.

---

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.