Jersey City, NJ 07310 Real Estate Market Report

ZIP Code: 07310
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The real estate market in Jersey City (ZIP: 07310) is characterized by a median sold price of $779,500, reflecting a stable market environment. Although specific historical sold price change data is not available, the current market conditions indicate a neutral temperature, suggesting a balanced dynamic between buyers and sellers. This stability is further supported by a median listing price of $900,000, which may indicate some pricing friction as sellers adjust expectations to align with actual transaction values.

Transaction activity appears moderate, with median days on market reaching 266 days, indicating a slower sales velocity. The elevated inventory levels relative to sales activity suggest an excess supply, which may impact pricing strategies moving forward. Additionally, the median market rent stands at $3,130, reflecting stable rental demand amidst local economic growth, which may support continued interest in the housing market.

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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 Jersey City are averaging 6.63% as of April 1, 2026, which is 1.14% higher than the average rate of 5.49% observed in March 2026.

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. The median sold price of $779,500 indicates a stable market, though it suggests potential pricing friction with the median listing price at $900,000.

2. A median days on market of 266 reflects a slower sales velocity, indicating that properties are taking longer to sell in the current market environment.

3. The market temperature is neutral, suggesting a balanced dynamic between buyers and sellers, with no clear advantage for either side.

4. Elevated inventory levels relative to sales activity indicate excess supply, which may affect future pricing strategies as sellers adjust to market realities.

5. The median market rent of $3,130 supports stable rental demand, influenced by positive local economic factors and population growth.

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Notable Properties

The following 7 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.