4-week rolling average · Data through March 12, 2026 · ZIP 07302
Jersey City's 07302 zip code shows a striking gap between the median list price of $920,000 and the median sale price of $1,995,000, strongly suggesting that higher-end properties are dominating closed transactions or that homes are selling well above asking. With 341 active listings and a median of just 10 days on market, demand is intense and inventory moves quickly. At $866.23 per square foot and a competition score of 91 out of 100, this market is firmly in premium, highly competitive territory.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $700K | $3K/mo |
| 2BR | $1.02M | $4K/mo |
| 3BR | $1.59M | $6K/mo |
| 4BR | $1.77M | $4K/mo |
| 5BR | $2.88M | $10K/mo |
| 6BR | $2.29M | — |
| 7BR | $2.95M | — |
The median sale price of $1,995,000 signals robust buyer demand for quality properties in 07302, giving sellers strong leverage when pricing competitively. With a median of only 10 days on market, well-positioned homes are moving fast and sellers can expect serious engagement early in the listing process.
Buyers in 07302 should be aware that while the median list price is $920,000, homes are closing at a median of $1,995,000, meaning budgeting well above list price is critical when making offers. The competition score of 91 out of 100 confirms that this is an extremely competitive market where hesitation can cost buyers their opportunity.
The median rent for a 2-bedroom in 07302 is $4,300 against a median 2-bedroom sale price of $1,025,000, providing a gross rent yield worth underwriting carefully for cash flow potential. With 551 rental units tracked in the area, rental inventory is substantial and investors should model vacancy risk conservatively before committing at these price levels.
The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% represent significant borrowing costs that directly affect monthly payments on the high-priced properties in this market. Buyers financing near the median sale price of $1,995,000 should model their payments carefully at these rates, as even a small rate movement translates to hundreds of dollars per month at this price point.
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Market intelligence by FarmPosts