Jersey City, NJ 07307 Real Estate Market Report

ZIP Code: 07307
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

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.

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Key Findings

1. The primary market signal is the median sold price of 824,950, which represents the most reliable indicator of recent transaction-level value for SFR and condo properties in 07307; representative recent sale suggests stable realized pricing compared with asking expectations.

2. There is a notable gap between the median listing price of 950,000 and the median sold price of 824,950, which may indicate pricing friction where seller expectations exceed recent transaction outcomes and could prolong negotiation timelines.

3. Market velocity appears slow based on a median days on market of 319, which suggests slower sales velocity and that properties may require extended marketing or price adjustments to achieve sale.

4. Contextual valuation and income signals show a median price per square foot of 630 and a median market rent of 2,700 while broader trends show prices are up year-over-year and rents are down; with moderate interest rate pressure, expect balanced buyer consideration where elevated inventory relative to sales activity may temper near-term price acceleration.

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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 07307 Real Estate Market Report

ZIP Code: 07307
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

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.

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Key Findings

1. The neighborhood's primary market signal is the median sold price of 640,000, which should be treated as the representative recent sale benchmark for valuation and comparable pricing decisions. use sold-price benchmarks when setting offers or comps.

2. There is a notable gap between the median listing price of 592,000 and the median sold price of 640,000, which may indicate pricing friction where seller expectations and final transaction outcomes diverge; agents should manage listing strategy and negotiation to align asks with realized values.

3. Lengthy selling timelines are evident from the median days on market of 358, signaling slower sales velocity; this suggests that pricing sensitivity and marketing duration should be factored into timing and contingency planning. slower transaction pace

4. Market context shows price momentum with a price year-over-year trend of up while the market temperature is neutral, and rent is weakening with a rent year-over-year trend of down; combined with interest rate pressure at moderate, this points to a balanced market where buyers have some negotiating leverage but price appreciation remains present. balanced conditions

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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.