Real Estate Market Update for 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 39% from one year earlier, and down 15% 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 under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 230-thousand dollars. The number of units sold was consistent year-over-year, and increased 100% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. 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 Jersey City, NJ
Area Information for 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 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 Jersey City, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      County Prep High School 0.2 mi Public 9-12 3-5 4
      Explore 2000 0.2 mi Public 6-8 3-5 3
      Primary Prep Elementary 0.3 mi Private PRESCHOOL-8 0 4
      Hudson Catholic Regional High School 0.3 mi Catholic 9-12 0 4
      Martin L King Jr School # 11 0.4 mi Public PRESCHOOL-8 1 3
      Academy Of International Enterprise At James J Fer 0.5 mi Public 9-12 1 3
      Dr Michael Conti School Number 5 0.5 mi Public PRESCHOOL-8 2-5 4
      Beloved Charter School 0.5 mi Public K-4 0 0
      St Joseph School 0.5 mi Catholic PRESCHOOL-8 0 5
      Academy Of The Sciences At William L Dickinson 0.5 mi Public 9-12 1 3
      Julia A Barnes School # 12 0.6 mi Public PRESCHOOL-8 1 4
      Gerald J Dynes N J Reg Day School 0.6 mi Public K-11 0 4
      Joseph H Brensinger School # 17 0.6 mi Public PRESCHOOL-8 1 3
      St Dominic Academy 0.6 mi Catholic 7-12 0 4
      Ycs May Academy Upper Lower School 0.6 mi Private 1-8 0 5
      Resurrection School 0.6 mi Catholic PRESCHOOL-8 0 0
      Academy Of Goverance And Social Sciences At Lincol 0.6 mi Public 9-12 1 3
      I.e.f Al Ghazaly 0.6 mi Private PRESCHOOL-8 0 0
      St Elizabeths School 0.7 mi Catholic K-K 0 0
      Genesis Educational Center 0.7 mi Private PRESCHOOL-K 0 1
      Genesis Academy 0.7 mi Private PRESCHOOL-K 0 0
      Caritas Academy 0.7 mi Catholic 9-12 0 0
      Learning Community Cs 0.7 mi Public PRESCHOOL-8 3-5 4
      Reverend Dr. Ercel F. Webb School Number 22 0.7 mi Public PRESCHOOL-5 1 3
      Badr School 0.7 mi Private PRESCHOOL-8 0 2
      Frank R Conwell School # 3 0.8 mi Public PRESCHOOL-5 1 3
      Frank R Conwell Middle School Number 4 0.8 mi Public 6-8 1 4
      Mahatma K Gandhi School Number 23 0.8 mi Public PRESCHOOL-8 1 4
      Dr Ronald Mcnair Academic High School 0.8 mi Public 9-12 5 4
      St Aloysius Elementary Academy 0.8 mi Catholic PRESCHOOL-3 0 4
      First Christian Pentecostal Acad 0.8 mi Private K-9 0 0
      First Christian Pentecostal Academy 0.8 mi Private PRESCHOOL-8 0 4
      Prr Corporation/smile Preschool & Chldcare 0.9 mi Private PRESCHOOL-K 0 0
      Liberty High School 0.9 mi Public 9-12 0 3
      Bright Street Academy 0.9 mi Public 9-12 0 0
      Golden Door Charter School 0.9 mi Public K-8 2 3
      Jotham W Wakeman School # 6 0.9 mi Public PRESCHOOL-5 2 4
      St Patrick & Assumption All Saints 0.9 mi Catholic PRESCHOOL-8 0 0
      Dr Lena Edwards Academic Cs 0.9 mi Public K-8 0 0
      Anthony J Infante School Number 31 0.9 mi Public PRESCHOOL-2 0 4
      Montessori School Of Jersey City 0.9 mi Private PRESCHOOL-2 0 3
      The Ethical Community Charter School 0.9 mi Public K-3 2-5 4
      Ollie Culbreth, Jr School Number 14 1.0 mi Public PRESCHOOL-6 0 3
      Rafael De J Cordero School No 37 1.0 mi Public PRESCHOOL-8 1 4
      Dr Charles P Defuccio School # 39 1.1 mi Public PRESCHOOL-8 1 3
      St Anthony High School 1.1 mi Catholic 9-12 0 3
      Franklin L Williams Middle School # 7 1.1 mi Public 6-8 1 3
      M E T S Charter School 1.1 mi Public 6-9 0 0
      Our Lady Of Czestochowa 1.2 mi Catholic PRESCHOOL-8 0 4
      Concordia Learning Center At Sjsb 1.2 mi Private PRESCHOOL-12 0 0
      St Josephs School Blind 1.2 mi Private - 0 0
      Dr Paul Rafalides School Number 33 1.2 mi Public PRESCHOOL-4 2-5 4
      Tet Christian Academy 1.2 mi Private PRESCHOOL-12 0 0
      Saint Peters Preparatory School 1.3 mi Catholic 9-12 0 5
      Chaplain Charles Watters School Number 24 1.3 mi Public K-8 1 2
      St Nicholas School 1.3 mi Catholic PRESCHOOL-8 0 4
      Our Lady Of Victories School 1.4 mi Catholic PRESCHOOL-8 0 0
      Gladys Nunery School Number 29 1.4 mi Public PRESCHOOL-5 1 2
      Cornelia F Bradford School # 16 1.4 mi Public PRESCHOOL-5 3-5 4
      Waterfront Motessori 1.4 mi Private PRESCHOOL-8 0 3
      Kenmare High School For Women 1.4 mi Catholic UNGRADE-UNGRADE 0 2
      Charles E Trefurt School Number 8 1.4 mi Public PRESCHOOL-5 1 3
      The Nuturing Place 1.5 mi Private PRESCHOOL-K 0 0
      Academy Of The Arts At Henry Snyder High School 1.5 mi Public 9-12 0 3
      Academy I Middle School 1.5 mi Public 6-8 0 4
      Martin Center For The Arts Middle School 1.6 mi Public PRESCHOOL-8 1 4
      Sacred Heart School 1.6 mi Catholic PRESCHOOL-8 0 2
      Stevens Cooperative School 1.6 mi Private PRESCHOOL-8 0 0
      Abc Elementary School 1.7 mi Private PRESCHOOL-8 0 0
      Nicolas Copernicus School Numer 25 1.7 mi Public PRESCHOOL-5 1 3
      University Academy Charter High School 1.7 mi Public 9-12 1 4
      Whitney M Young School # 15 1.8 mi Public PRESCHOOL-8 0 3
      James F Murray School # 38 1.8 mi Public PRESCHOOL-8 1 2
      Christa Mcauliffe School Number 28 1.9 mi Public PRESCHOOL-8 1 3
      Liberty Academy Cs 1.9 mi Public K-6 0 2
      Full Will Of God Christian Acad 2.0 mi Private 4-12 0 0
      Jersey City Global Charter School 2.1 mi Public - 0 0
      St Anne School 2.1 mi Catholic PRESCHOOL-8 0 0
      Public School Number 34 2.1 mi Public K-8 0 2
      Alfred E Zampella School No 27 2.2 mi Public PRESCHOOL-8 2 3
      Public School Number 20 2.4 mi Public PRESCHOOL-5 1 4
      Jersey City Comm Cs 2.4 mi Public K-8 1 4
      Infinity Institute 2.5 mi Public 7-10 5 5
      Our Lady Of Mercy 2.6 mi Catholic PRESCHOOL-8 0 4
      Soaring Heights Cs 2.7 mi Public K-8 3 4
      Alexander D Sullivan School # 30 2.8 mi Public PRESCHOOL-5 1 4
      Ezra L Nolan Middle School # 40 2.9 mi Public 6-8 0 2
      Joseph School Of Tomorrow 3.0 mi Private PRESCHOOL-7 0 0
      Hamilton Park Montessori School 1,316.1 mi Private PRESCHOOL-3 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 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.