Jersey City real estate remained in high demand as Q4 wrapped up a year of incredible sales. Year over year sales were up 9%, inventory was down 23%, median listing prices were up 7%, and average and median sales prices were up 5% and 4% respectively. Homes also spent fewer days on the market in Q4 2021 than they did in Q3 2021 or Q4 2020. Quarter over quarter figures show lower sales price points with average sales prices down 7% and median sales prices down 9%. Listing prices saw no fluctuations. There were also decreases in the number of new listings to hit the market as well as how long homes spent on the market before selling.
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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 2021 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.
