Is Jersey City, NJ 07302 a buyer’s or seller’s market?

The Jersey City housing market right now

In the three months ending August 31, 2026, 32% of homes in Jersey City, NJ 07302 sold above their list price, the typical home went under contract in 39 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 169 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (41 days then) and the median sale price rose 13% to $1,019,558. Overall, Jersey City is more competitive than a year ago, so tougher for buyers.

Within Hudson County, homes here sell faster than in 79% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Jersey City ranks #346 of 444 NJ ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Jersey City 07310 (21% sold over asking) or Jersey City 07306 (23% sold over asking), while Bayonne 07002 (52% sold over asking) and Hoboken 07030 (52% sold over asking) are even more competitive.