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 $899,000 and the median sale price of $1,695,000, suggesting that many homes are selling well above asking or that higher-end properties are dominating closed transactions. With 269 active listings on the market and a median of 62 days on market, the area reflects a balanced condition where buyers have some selection but well-priced homes still command strong final prices. At $866.23 per square foot, this market sits firmly in premium territory for the New York metro region.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $699K | $3K/mo |
| 2BR | $1.02M | $4K/mo |
| 3BR | $1.50M | $5K/mo |
| 4BR | $1.59M | $5K/mo |
| 5BR | $1.50M | $7K/mo |
| 6BR | $1.65M | — |
| 7BR | $1.70M | — |
The median sale price of $1,695,000 signals that serious buyer demand exists for quality properties in 07302, giving sellers confidence in pricing competitively. However, with 62 median days on market, sellers should be prepared for a longer selling timeline and price their homes thoughtfully from the start.
Buyers in 07302 should note that while the median list price is $899,000, homes are closing at a median of $1,695,000, so budgeting significantly above list price is essential when making competitive offers. With 269 active listings available, buyers do have options to compare, but strong closing prices indicate that desirable homes are drawing serious competition.
The median rent for a 2-bedroom in 07302 is $4,250 against a median 2-bedroom sale price of $1,025,000, offering a gross rent yield worth evaluating for cash flow potential. With 514 rental units tracked in the area, rental inventory is substantial, so investors should underwrite carefully against local vacancy risk before committing at these price levels.
The current 30-year fixed mortgage rate of 6.00% and 15-year rate of 5.43% represent meaningful borrowing costs that directly affect monthly payments on high-priced properties in this market. Buyers financing at the median sale price of $1,695,000 should model their payments carefully at these rates, as even small rate shifts have a significant dollar impact at this price point.
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Market intelligence by FarmPosts