The Jersey City real estate market showed strong demand in May, with 33% more sales than in April and 2% more sales than in May 2021. Homes continued to spend fewer days on the market, averaging 26 in May, a 24% decrease month over month and 48% decrease year over year. Prices were on the decline, with the median listed price at $675K, down from $685K in April and $627K in May 2021; median sales prices were also down month over month but remained up year over year.
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Source: Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data. Copyright 2022 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description.
