Jersey City August 2020 Market Update

number of new listings $557,765 AUG 2019 44 AUG 2020 +25% Year Over Year Change 37 AUG 2019 -26% Year Over Year Change $500,000 AUG 2019 $625,000 AUG 2020 median SALES price AUGUST 2020 vs AUGUST 2019 Although sales in August 2020 were down 26% compared with August 2019, year over year price points have seen a remarkable shift: median sales prices are up 25% overall in Jersey City, average sales prices are up 20%, and median listed prices are up 8%. Read on for a citywide market update as well as a more granular look at six Jersey City neighborhoods. AVERAGE SALES price TOTAL SALES $650,000 AUG 2020 median listed price 287 AUG 2019 Copyright ©2020 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description. Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data. 193 AUG 2019 142 AUG 2020 $666,704 AUG 2020 +20% Year Over Year Change $599,900 AUG 2019 +65% Year Over Year Change 474 AUG 2020 AUGUST 2020 JERSEY CITY MARKET UPDATE AVERAGE DAYS ON MARKET +8% Year Over Year Change +19% Year Over Year Change AUGUST 2020 JERSEY CITY MARKET UPDATE Aug 2020 Aug 2019 YOY% CHANGE TOTAL SALES TOTAL SALES Difference Jersey City 142 193 -26% Bergen-Lafayette 8 7 14% Downtown 55 55 0% 187 79 137% 44 39 12% Greenville 16 27 -40% 62 45 38% 75 34 120% The Heights 36 45 -21% 95 71 34% 35 26 33% Journal Square 19 37 -48% 88 45 95% 42 47 -10% West Bergen 8 22 -63% 28 31 -8% 42 42 0% AUG 2019 AUG 2019 YOY% CHANGE AUG 2019 AUG 2019 YOY% CHANGE NeW LISTINGS NeW LISTINGS Difference AVERAGE DAYS ON MARKET ON MARKET AVERAGE DAYS ON MARKET Difference 474 287 65% 44 37 19% 13 18 -26% 37 29 27% Aug 2020 Aug 2019 YOY% CHANGE Median Listed Price Median Listed Price Difference Jersey City $650,000 $599,900 8% Bergen-Lafayette $595,000 $374,450 59% Downtown $805,000 $879,000 -8% $864,088 $829,238 4% $795,600 $730,000 9% Greenville $502,000 $429,000 17% $442,380 $431,348 3% $441,370 $380,000 16% The Heights $679,000 $659,000 3% $571,416 $515,311 11% $643,750 $512,000 26% Journal Square $513,000 $439,000 17% $587,165 $378,081 55% $607,717 $341,000 78% West Bergen $403,000 $369,000 9% $434,679 $411,886 6% $428,995 $389,500 10% AUG 2019 AUG 2019 YOY% CHANGE AUG 2019 AUG 2019 YOY% CHANGE Average Sales Price Average Sales Price Difference Median Sales Price Median Sales Price Difference $666,704 $557,765 20% $625,000 $500,000 25% $498,404 $547,143 -9% $526,463 $602,000 -13% Copyright ©2020 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description. Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data.