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Featured local agent — Jersey City, NJ
Sarah Mitchell
Compass Real Estate · Jersey City, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Jersey City, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$699,000median sale price
How is the Jersey City, NJ housing market right now?
The median home sale price in Jersey City, NJ is $699,000, down 10.4% year-over-year. Homes sell in an average of 42 days with 767 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Jersey City a buyer's or seller's market?
Jersey City, NJ is currently a balanced market, based on 4.8 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
159
Last 12 weeks
Days on market
42
Average pace
Active listings
767
4.8 months supply
Sale-to-list
99.7%
Below asking
What does the Jersey City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $699,000 |
| Median list price | $748,500 |
| Year-over-year price change | -10.4% |
| Average days on market | 42 days |
| Active inventory | 767 listings |
| Months of supply | 4.8 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $548/sq ft |
| Homes sold (latest month) | 159 |
| New listings (latest month) | 298 |
| Listings with a price cut | 16.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Jersey City by property type?
How the Jersey City, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $940,000 | $635/sq ft | 27 | 25 days |
| Condo / Co-op | $634,000 | $606/sq ft | 103 | 52 days |
| Townhouse | $460,000 | $329/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Jersey City housing market is currently classified as a balanced market with a median sale price of $699,000. Prices have fallen 10.4% compared to last year, with homes spending an average of 42 days on market, indicating 4.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.0x provides context for how home values compare to local earning capacity.
Homes for sale in Jersey City
There are currently 767 homes listed for sale in Jersey City, New Jersey. The median listing price is $749K.
Active listings
767
Homes on market
Median list price
$749K
Avg. days on market
42
Days until sale
New this week
298
Newly listed
Who lives in Jersey City?
Population
289,691
Median income
$94,813/yr
Median age
34.7 years
Owner-occupied
28.8%
College grads
53.1%
Avg commute
36.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Jersey City?
Zillow home value
$665,140
Zillow rent index
$3,182/mo
Price-to-rent ratio
17.4x
Price-to-income
7.0x
Source: Zillow Research
What is it like to live in Jersey City?
Jersey City is a community of approximately 290K residents with a median age of 34.7 years.The median household income is $94,813, which reflects a relatively affluent area with strong earning potential. 53.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 28.8%, showing a blend of owner and renter-occupied properties. The average commute time is 36.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Jersey City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Jersey City?
50 schools tracked · 31,971 students
The largest public schools serving Jersey City, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
William L Dickinson High School
Grades 9-12 · 1,856 students
BelovED Community Charter School
Grades K-12 · 1,556 students
James J Ferris High School
Grades 9-12 · 1,345 students
Empowerment Academy Charter School
Grades K-9 · 1,181 students
Cornelia F. Bradford School
Grades PK-5 · 1,083 students
Joseph H. Brensinger School
Grades PK-8 · 987 students
Christa McAuliffe School
Grades PK-8 · 926 students
County Prep High School
Grades 9-12 · 917 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Jersey City, NJ?
Want a head-to-head view? Compare Jersey City side-by-side with any other U.S. city using our market-comparison tool.
Is Jersey City a good real estate investment market?
For investors evaluating Jersey City, the price-to-rent ratio of 17.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Jersey City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Jersey City's median home price.
Frequently asked questions
What is the average home price in Jersey City?
The median home sale price in Jersey City is $699,000, down 10.4% from last year.
How long do homes stay on market in Jersey City?
Homes typically spend 42 days on market before going under contract.
What is the median income in Jersey City?
The median household income is $94,813 per year.
Is Jersey City a buyer's or seller's market?
With 4.8 months of supply, Jersey City is currently a balanced market.
What is the Zillow home value estimate for Jersey City?
The Zillow Home Value Index (ZHVI) for Jersey City is $665,140, representing the typical home value in the area.
What is the median condo price in Jersey City?
The median condo/co-op sale price in Jersey City, NJ is $634,000, compared to $940,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Jersey City?
The median single-family home price in Jersey City, NJ is $940,000 (about $635 per square foot).
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