In April 2024, Jersey City experienced a significant increase in home prices, rising by 8.7% compared to the previous year and reaching a median price of $688K. Homes sold more quickly, with an average market time of 42 days compared to 57 days last year. The market saw a boost in sales volume as well, with 166 homes sold in April 2024, up from 141 homes sold in April 2023. This data suggests a strong demand for housing in Jersey City, reflecting a competitive market and potentially increasing buyer interest.

Jersey City is a moderately competitive market where homes typically sell in 39 days. Some properties receive multiple offers. On average, homes sell for around the list price and go pending in approximately 39 days. Highly sought-after homes can sell for about 3% above the list price and go pending in around 16 days.

Nationwide, 3% of homebuyers looked to move to Jersey City from other metropolitan areas. Homebuyers from Walla Walla showed the highest interest in relocating to Jersey City, followed by those from Peoria and Mountain Home.