Search homes for sale in Jersey City, NJ known as the nation's "Golden Door".
The Jersey City housing market is moderately competitive. On average, homes in Jersey City receive three offers and typically sell within 42 days. Last month, the median sale price for a home was $635,000, reflecting a 7.2% decrease compared to the previous year. However, the median price per square foot has risen by 7.0%, now standing at $595.
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In September 2024, home prices in Jersey City saw a 7.2% decrease compared to the same time last year, with the median price settling at $635,000. Homes in the area are now taking longer to sell, averaging 42 days on the market compared to just 33 days last year, indicating a slight cooling in buyer demand. Additionally, there were 157 homes sold in September, a drop from 169 sales in the previous year. This slowdown in both price growth and sales activity could suggest that buyers have become more cautious, potentially due to economic factors or shifting market conditions.
The Jersey City housing market is moderately competitive, with homes typically selling within 39 days. While many properties sell for around the list price, some attract multiple offers. In particular, highly desirable homes can go for about 2% above the list price and often go pending in just 19 days, highlighting strong interest in certain areas or property types within the market.
Recent data indicates that 3% of homebuyers nationwide are considering relocating to Jersey City from other metropolitan areas. Notably, prospective buyers from Gainesville, Florida, have shown the highest interest in moving to Jersey City, followed by those from San Francisco, California, and Visalia, California. This trend underscores Jersey City's growing appeal to individuals from diverse regions across the United States.
Whether you have questions about the Jersey City market, want to explore current listings, or are ready to find your dream home, we’re here to help. Our team has the local expertise and insights to guide you through every step of the process. Reach out now and let’s make your move to Jersey City a reality!
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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.