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The housing market in Jersey City is moderately competitive. On average, homes receive 4 offers and are sold within approximately 41 days. The median sale price for homes in the area stood at $630,000 last month, reflecting an 8.4% decrease compared to the same period last year. However, the median sale price per square foot has surged to $666, a significant 39.9% increase year-over-year. For a more nuanced perspective, as of August 2023, the median home price in Jersey City has declined by 8.4% year-over-year to $630,000. The average duration for a home to remain on the market has lengthened to 41 days, compared to 32 days in the previous year. Additionally, the volume of home sales has decreased, with 166 homes sold in August this year, down from 198 during the same month last year.
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With an insider’s view of the market, we know where to find properties that match your wish list and lifestyle. When it’s time to sell, Hudson Realty Group’s comprehensive marketing and organizational expertise help price your property for maximum financial return.