The Jersey City housing market is somewhat competitive. Homes in Jersey City receive 2 offers on average and sell in around 59 days. The median sale price of a home in Jersey City was $755K last month, up 26.9% since last year. The median sale price per square foot in Jersey City is $551, up 12.7% since last year.
What is the housing market like in Jersey City today?
In February 2024, Jersey City home prices were up 26.9% compared to last year, selling for a median price of $755K. On average, homes in Jersey City sell after 59 days on the market compared to 75 days last year. There were 111 homes sold in February this year, down from 112 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$755,000
+26.9% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Jersey City, NJ
$755,000
+26.9%
United States
To compare other locations to the Jersey City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Jersey City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Jersey City housing market?
Jersey City is somewhat competitive. Homes sell in 51 days.
0
100
53
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 51 days.
Hot homes
can sell for about 2% above list price and go pending in around 22 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.9%
+1.8 pt YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Jersey City, NJ
98.9%
+1.8 pt
United States
Jersey City Migration & Relocation Trends
In Dec '23 - Feb '24, 30% of Jersey City homebuyers searched to move out of Jersey City, while 70% looked to stay within the metropolitan area.
Where are people moving to Jersey City from?
Across the nation, 3% of homebuyers searched to move into Jersey City from outside metros.
San Francisco homebuyers searched to move into Jersey City more than any other metro followed by Springfield and Lincoln.
Where are people from Jersey City moving to?
70% of Jersey City homebuyers searched to stay within the Jersey City metropolitan area.
Miami was the most popular destination among Jersey City homebuyers followed by Philadelphia and Washington.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Jersey City
Explore recent offers and recently sold homes in Jersey City
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Cornelia F. Bradford No. 16 Elementary School
Public • PreK-5
694
Students
20 reviews
8/10
Joseph F Brandt No 2
Public • K-5
301
Students
11 reviews
8/10
Sara M. Gilmore Academy
Public • 1-8
399
Students
27 reviews
7/10
Colin Powell Elementary School
Public • K-5
833
Students
N/A
7/10
Thomas G Connors
Public • K-5
232
Students
4 reviews
Only showing 5 of
38 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Jersey City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Jersey City.
Risk Factor
Flood Factor - Major
41% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Jersey City has a major risk of flooding. 12,486 properties in Jersey City are likely to be
severely affected
by flooding over the next 30 years. This represents 41% of all properties in Jersey City. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Jersey City has a moderate risk of wildfire. There are 384 properties in Jersey City that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Jersey City.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Jersey City has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Jersey City is most at risk from hurricanes. 54,160 properties in Jersey City have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 115 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 134 mph.