Jersey City, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 1,724 transactions over the past year in Jersey City. The median value for residential home transactions that occurred over the previous year is $617,444.3. The number of current listings in Jersey City is 106, and the percentage of properties for sale in the city is 106.00%. Jersey City, NJ currently has 74 properties in foreclosure, 12 bank owned properties, 31 properties headed for auction, and 106 properties for sale.
Jersey City, NJ Real Estate Market Overview
Housing Market Summary for Jersey City, NJ
| Oct 2022 | September 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $639.9K | $593.3K | -7.28% |
| Median Sold Price | $615K | $593.3K | -3.53% |
| Homes For Sale | 281 | 128 | -54.45% |
| Homes Sold | 997 | 668 | -33.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Jersey City, NJ
Recently Sold
$1,528,000
Sold Price1,275 sqft
51,401 sqft lot
75 Park Ln S Unit 2801, Jersey City, NJ 07310
Recently Sold
$644,000
Sold Price519 sqft
51,401 sqft lot
75 Park Ln S Unit 1805, Jersey City, NJ 07310
Recently Sold
$1,679,000
Sold Price1,544 sqft
51,401 sqft lot
75 Park Ln S Unit 3704, Jersey City, NJ 07310
Browse Homes in Jersey City, NJ
Jersey City home values range from $175,600 to $1,692,000. The median estimated value of a home in Jersey City is $617,444.3. The median list price of a home is 700,000, and the total count of properties in the city is 46,024.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Jersey City, NJ with 07305 containing 16 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 8 zips within Jersey City, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,008,000 in 07307 to the lowest home value of $403,400 in 07305.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Jersey City, NJ ranges from the highest value of $497,300 in 07306 to the lowest value of $192,800 in 07305. Bank owned homes and properties account for 0.03% of properties in Jersey City, NJ. There are 8 zips within Jersey City, NJ; 07304 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07305 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Jersey City, NJ. Auction homes and other auction properties account for 0.07% of all properties in Jersey City, NJ. There are 8 zips within Jersey City, NJ; of those zips, the median estimated home value for homes going to auction ranges from $742,700 in 07302 to the lowest value of $370,400 in 07302.
Compare Nearby Cities
More Real Estate Resources for Jersey City, NJ
Guide for Jersey City, NJ
Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.
You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?
Want to learn about the foreclosure process? Our article explains it all.
How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.
Recently Listed Homes Jersey City, NJ
Bank Owned
$499,900
Listing Price3 beds
1.5 baths
1,116 sqft
1,368 sqft lot
81 Sterling Ave, Jersey City, NJ 07305