The Downtown Jersey City housing market is somewhat competitive. Homes in Downtown Jersey City receive 2 offers on average and sell in around 49 days. The median sale price of a home in Downtown Jersey City was $840K last month, up 6.3% since last year. The median sale price per square foot in Downtown Jersey City is $806, up 6.5% since last year.
What is the housing market like in Downtown Jersey City today?
In April 2024, Downtown Jersey City home prices were up 6.3% compared to last year, selling for a median price of $840K. On average, homes in Downtown Jersey City sell after 49 days on the market compared to 48 days last year. There were 66 homes sold in April this year, down from 69 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$840,000
+6.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Jersey City, NJ
$840,000
+6.3%
United States
To compare other locations to the Downtown Jersey City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Jersey City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Jersey City housing market?
Downtown Jersey City is somewhat competitive. Homes sell in 35 days.
0
100
54
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 35 days.
Hot homes
can sell for about 1% above list price and go pending in around 13 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.0%
+0.2 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Jersey City, NJ
99.0%
+0.2 pt
United States
Home offer insights for Downtown Jersey City
Explore recent offers and recently sold homes in Downtown Jersey City
Recent offers
Offer Not Accepted|
12 Weeks Ago
~$750K Offer
Sold for $800K
2bd | 2ba | ~1,000sqft
Under List Price
1%
Days on Market
9
Competing Offers
2
Down Payment
~20%
Adriana Madeira
Downtown Jersey City Redfin Agent
View houses in Downtown Jersey City that sold recently
Learn about schools in the Downtown Jersey City area
Elementary
Middle
High
GreatSchools Rating
6/10
Rafael de J. Cordero No. 37 Elementary School
Public • PreK-8
765
Students
25 reviews
5/10
Jotham W. Wakeman No. 6 Elementary School
Public • PreK-5
652
Students
8 reviews
4/10
Rev. Dr. Ercel F. Webb School
Public • PreK-5
659
Students
6 reviews
4/10
Martin Luther King, Junior No. 11 Elementary School
Public • PreK-8
835
Students
10 reviews
4/10
Frank R. Conwell No. 3 Elementary School
Public • PreK-5
601
Students
14 reviews
Only showing 5 of
6 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Jersey City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Jersey City.
Risk Factor
Flood Factor - Severe
85% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Jersey City has a severe risk of flooding. 3,568 properties in Downtown Jersey City are likely to be
severely affected
by flooding over the next 30 years. This represents 85% of all properties in Downtown Jersey City. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Jersey City has a moderate risk of wildfire. There are 14 properties in Downtown Jersey City that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Jersey City.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Jersey City has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Jersey City is most at risk from hurricanes. 7,004 properties in Downtown Jersey City have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 81 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 93 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Jersey City has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Jersey City have a Severe Heat Factor®.
Downtown Jersey City is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Downtown Jersey City is expected to experience 7