Real Estate Market Update for 07304 (Jersey City, NJ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 10% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 59%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 70-thousand dollars. The number of units sold decreased 50% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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 07304 (Jersey City, NJ)
Area Information for 07304 (Jersey City, NJ)
  • Population: 42,263
  • Median Age: 33.55 yr
  • Median Commute Time: 29.54 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 22,541/sq mi
  • Population Change Since 2000: 1.08%
  • Closest Airport: Newark Liberty International
  • Closest College: Saint Peters College
  • Closest Jr. College: Hudson County Community College
  • Median Household Income: $41,640
  • Annual Residential Turnover: 24.09%
  • Median Years in Residence: 2.32 yr
  • Median Home Sales Price: $162,500
  • Closest Major Sports Team: New York Rangers
  • Change Avg. Household Income Since 2000: 32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07304 (Jersey City, NJ)
Median Age: 33.55 Married: 20% Number of Households: 16,009 Households with Children: 5,517
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 07304 (Jersey City, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      I.e.f Al Ghazaly 0.2 mi Private PRESCHOOL-8 0 0
      Dr Lena Edwards Academic Cs 0.2 mi Public K-8 0 0
      St Patrick & Assumption All Saints 0.2 mi Catholic PRESCHOOL-8 0 0
      Academy Of Goverance And Social Sciences At Lincol 0.2 mi Public 9-12 1 3
      Julia A Barnes School # 12 0.3 mi Public PRESCHOOL-8 1 4
      Ollie Culbreth, Jr School Number 14 0.4 mi Public PRESCHOOL-6 0 3
      Reverend Dr. Ercel F. Webb School Number 22 0.4 mi Public PRESCHOOL-5 1 3
      Ycs May Academy Upper Lower School 0.4 mi Private 1-8 0 5
      Gerald J Dynes N J Reg Day School 0.4 mi Public K-11 0 4
      Badr School 0.4 mi Private PRESCHOOL-8 0 2
      Joseph H Brensinger School # 17 0.5 mi Public PRESCHOOL-8 1 3
      Learning Community Cs 0.7 mi Public PRESCHOOL-8 3-5 4
      Caritas Academy 0.7 mi Catholic 9-12 0 0
      St Dominic Academy 0.8 mi Catholic 7-12 0 4
      Chaplain Charles Watters School Number 24 0.8 mi Public K-8 1 2
      Dr Paul Rafalides School Number 33 0.8 mi Public PRESCHOOL-4 2-5 4
      Our Lady Of Victories School 0.9 mi Catholic PRESCHOOL-8 0 0
      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 07304 (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.