Real Estate Market Update for 07307 (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 April. The number of active listings was up 75% from one year earlier, and up more than 125% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% 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.
Show Transcript
Map Information for 07307 (Jersey City, NJ)
Area Information for 07307 (Jersey City, NJ)
  • Population: 45,013
  • Median Age: 35.41 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 20,096/sq mi
  • Population Change Since 2000: -2.18%
  • Closest Airport: Newark Liberty International
  • Closest College: Saint Peters College
  • Closest Jr. College: Hudson County Community College
  • Median Household Income: $57,700
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $270,000
  • Closest Major Sports Team: New York Knicks
  • Change Avg. Household Income Since 2000: 49.71%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07307 (Jersey City, NJ)
Median Age: 35.41 Married: 37% Number of Households: 16,318 Households with Children: 4,867
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 07307 (Jersey City, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Jersey City Global Charter School 0.3 mi Public K-3 0 0
      St Anne School 0.3 mi Catholic PRESCHOOL-8 0 0
      Nicolas Copernicus No. 25 Elementary School 0.3 mi Public PRESCHOOL-5 2 0
      Alfred E. Zampella No. 27 Elementary School 0.4 mi Public PRESCHOOL-8 2 0
      Number 28 Elementary School 0.6 mi Public PRESCHOOL-8 2 0
      St.nicholas School 0.8 mi Catholic PRESCHOOL-8 0 0
      Number 8 Elementary School 0.8 mi Public PRESCHOOL-5 1 0
      St Josephs School Blind 0.8 mi Private K-12 0 0
      Concordia Learning Center At Sjsb 0.8 mi Private PRESCHOOL-12 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: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07307 (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.