Downtown Jersey City Real Estate | Update April

Downtown Jersey City real estate update, April has shown a spike in activity with units pending increasing month over month and the days on market decreasing dramatically from those units sold. With just 218 units currently for sale, there is little inventory for the high demand coming from buyers. "They seem to go into contract the minute we want to see them" - Jersey City buyer

Sales
For the month DTJC saw a total of 40 units close. Up from March's total of 34 sales.
From the lowest sold price of $213,500 for a 610 square foot one bedroom at 254.5 9th street with a list price of $214,500, to the highest sold price of $950,000 for a 4 bedroom 3.5 bath town home featuring 5 floors and a list price of $1.025M

The Median List Price for the month was $444,499 and the Median Sold Price was $431,000. The Median Days On Market was 40 days.

Compared with March's Median List Price of $422,000 and Sale Price of $411,500. The Median Days On Market for March was 75 days.


Pending
This same month DTJC saw a total of 41 units change their status to Pending. Also up from March. From the lowest asking price of $199,000 for a 520 square foot studio at Dixon Mills 186 Wayne street, to the highest asking price of $799,000 for a 1185 square foot two bedroom two bath at Hamilton Square 232 Pavonia Ave.

The Median List Price for those units pending was $395,000 The Median Days on Market was just 38 days.

Compared with March which saw a total of 35 units pending and 49 Median Days on Market
March real estate report

Search downtown Jersey City real estate for an update on homes available for sale.