Jersey City, NJ 07307 Real Estate Market Report

ZIP Code: 07307
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Jersey City, NJ (ZIP: 07307) stands at $777,777, reflecting a stable market environment. The neighborhood has shown a flat price trend, indicating that while there are fluctuations, overall pricing remains consistent. This stability in sold prices suggests a balanced market, where buyer expectations align closely with seller pricing strategies.

Despite the flat trend in sold prices, the market is experiencing elevated inventory levels, which may indicate a slower sales velocity. Properties are taking a longer time to sell, with a median of 306 days on market. This extended duration could suggest that buyers are exercising caution, potentially due to moderate interest rate pressure, currently around 6.38% for 30-year fixed mortgages. Rental demand, however, remains robust, with a median market rent of $2,578, indicating a strong rental market that continues to attract tenants.

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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

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 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 the Jersey City NJ 07307 area around 6.38% are slightly higher than the 5.500% lows seen earlier in 2026, indicating property owners who missed that window are facing a costlier borrowing environment.

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. $777,777 is the median sold price, reflecting a stable pricing environment in the market.

2. The market temperature is neutral, suggesting balanced conditions between buyers and sellers.

3. Properties are taking a median of 306 days on market, indicating a slower sales velocity in the area.

4. The median market rent is $2,578, showing robust rental demand despite the cooling sales activity.

5. Interest rate pressure is moderate, with current mortgage rates around 6.38%, which may affect buyer purchasing power.

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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.