Is Jersey City, NJ 07304 a buyer’s or seller’s market?

The Jersey City housing market right now

In the three months ending August 31, 2026, 28% of homes in Jersey City, NJ 07304 sold above their list price, the typical home went under contract in 42 days and there were 8.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold more slowly (38 days then) and the median sale price fell 6% to $606,737. Overall, Jersey City is less competitive than a year ago, which gives buyers more room.

Within Hudson County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Jersey City ranks #413 of 444 NJ ZIP codes with enough sales (score 46 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.