Is Jersey City, NJ 07307 a buyer’s or seller’s market?

The Jersey City housing market right now

In the three months ending August 31, 2026, 38% of homes in Jersey City, NJ 07307 sold above their list price, the typical home went under contract in 42 days and there were 5.4 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 105 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold about as fast and the median sale price rose 3% to $842,136. Overall, Jersey City is more competitive than a year ago, so tougher for buyers.

Within Hudson County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Jersey City ranks #373 of 444 NJ ZIP codes with enough sales (score 57 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.