Condos in Jersey City Heights continue to do well thus far this year. It is remarkable how much the market has improved, but even more remarkable is how far it still has to go. We are selling nearly twice as much as previous years and we still have more buyers than sellers. Jersey City inventory popped up this past week – as of this writing we are at 256 properties for sale. Over the past 30 days, 95 new properties came on the market in Downtown JC, the Heights, and Hoboken while only 3 sold. That isn’t a spread of much, but it’s more than it has been. That sound you hear might be the market starting to swing back into balance?
Jersey City Heights Condos sold to date this year: 28
Jersey City Heights Condos sold to date last year: 32
The median amount of sale for Jersey City Heights condominiums is $180,500.
Jersey City Heights Single/Multi-family sold to date this year: 74
Jersey City Heights Single/Multi-family sold to date last year: 80
The most expensive home to sell in downtown Jersey City Heights this week was $575,000.
The least expensive home to sell in downtown Jersey City Heights this week was $175,000.
The absorption rate is currently 2.3 months (if nothing new came on the market, at our current number of sales per month, we would clear all the inventory out in 2.3 months).
Currently there are 120 homes on the market in all of Jersey City Heights, of those 12 came on the market in the last week.
For all available listings, plus all sold listings and how much the sold for, please click WHAT SOLD? on the home page.