Jersey City, NJ 07307 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

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 914,000 is the primary indicator of recent market value—the median sold price suggests stable transaction pricing in 07307 and represents the most reliable signal of realized market value. neutral
2. 950,000 for median listing price sits above the median sold price, which may indicate pricing friction or conservative seller expectations relative to recent transactions.
3. 350 median days on market signals slower sales velocity and suggests that even with price appreciation, transactions are taking longer to close—this may indicate more selective buyer activity or longer negotiation timelines.
4. 6.53% current 30-year fixed mortgage rate (0.55% higher than earlier in 2026) and elevated interest rate pressure are important headwinds that may constrain affordability despite price gains; expect incremental buyer caution.
5. 596 median price per square foot and 2,700 median market rent together show continued rent growth alongside rising prices (up price and rent year-over-year trends), supporting investor interest where financing and hold metrics align.

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.