Real Estate Market Update for 07302 (Jersey City, NJ)
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 60% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 500-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07302 (Jersey City, NJ)
Area Information for 07302 (Jersey City, NJ)
  • Population: 37,084
  • Median Age: 32.88 yr
  • Median Commute Time: 31.89 mins
  • Educational Climate*: 5
  • Sales Tax: 6.909%
  • Population Density: 25,208/sq mi
  • Population Change Since 2000: 20.07%
  • Closest Airport: Newark Liberty International
  • Closest College: Saint Peters College
  • Closest Jr. College: Hudson County Community College
  • Median Household Income: $90,177
  • Annual Residential Turnover: 31.33%
  • Median Years in Residence: 1.92 yr
  • Median Home Sales Price: $480,000
  • Closest Major Sports Team: New York Rangers
  • Change Avg. Household Income Since 2000: 102%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07302 (Jersey City, NJ)
Median Age: 32.88 Married: 24% Number of Households: 18,562 Households with Children: 3,829
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07302 (Jersey City, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Prr Corporation/smile Preschool & Chldcare 0.1 mi Private PRESCHOOL-K 0 0
      Montessori School Of Jersey City 0.1 mi Private PRESCHOOL-2 0 3
      Genesis Educational Center 0.2 mi Private PRESCHOOL-K 0 1
      Genesis Academy 0.2 mi Private PRESCHOOL-K 0 0
      Bright Street Academy 0.3 mi Public 9-12 0 0
      First Christian Pentecostal Acad 0.3 mi Private PRESCHOOL-8 0 0
      First Christian Pentecostal 0.3 mi Private PRESCHOOL-8 0 4
      Number 4 Middle School 0.3 mi Public 6-8 1 4
      Frank R. Conwell No. 3 Elementary School 0.3 mi Public PRESCHOOL-5 1 3
      Our Lady Of Czestochowa 0.4 mi Catholic PRESCHOOL-8 0 4
      Dr Ronald Mc Nair Academy High School 0.4 mi Public 9-12 5 4
      James J. Ferris High School 0.4 mi Public 9-12 1 3
      Number 5 Elementary School 0.4 mi Public PRESCHOOL-8 2-5 4
      Resurrection School 0.4 mi Catholic PRESCHOOL-8 0 0
      St Anthony High School 0.5 mi Catholic 9-12 0 3
      St Peters Preparatory School 0.5 mi Catholic 9-12 0 5
      Rafael De J. Cordero No. 37 Elementary School 0.5 mi Public PRESCHOOL-8 1 4
      M E T S Charter School 0.6 mi Public 6-9 0 0
      Kenmare Alternative High School 0.6 mi Catholic UNGRADE-UNGRADE 0 2
      Cornelia F. Bradford No. 16 Elementary School 0.6 mi Public PRESCHOOL-5 3-5 4
      The Nuturing Place 0.6 mi Private PRESCHOOL-K 0 0
      Beloved Charter School 0.6 mi Public K-2 0 0
      Waterfront Montessori 0.7 mi Private PRESCHOOL-8 0 3
      Explore 2000 Middle School 0.7 mi Public 6-8 3-5 3
      County Prep High School 0.7 mi Public 9-12 3-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 07302 (Jersey City, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.