Is Jersey City, NJ 07306 a buyer’s or seller’s market?

The Jersey City housing market right now

In the three months ending August 31, 2026, 23% of homes in Jersey City, NJ 07306 sold above their list price, the typical home went under contract in 57 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 72 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold more slowly (52 days then) and the median sale price fell 17% to $594,243. Overall, Jersey City is less competitive than a year ago, which gives buyers more room.

Within Hudson County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 93%. On our competition score, Jersey City ranks #419 of 444 NJ ZIP codes with enough sales (score 38 out of 100).

Nearby, Bayonne 07002 (52% sold over asking) and Hoboken 07030 (52% sold over asking) are even more competitive.