Jersey City January 2021 Market Update

Jan 2020 number of new listings Year over Year Jan 2021 Dec 2020 $600,000 396 47 266 Dec 2020 Month over Month Year over Year TOTAL SALES JANUARY 2021 Year over Year Jan 2020 Jan 2021 $620,000 average SALES price Year over Year Jan 2020 Month over Month 189 46 Copyright ©2021 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. Jan 2021 Month over Month 39 Dec 2020 Jan 2020 $562,000 143 Jan 2020 average days on market $599,000 140 JERSEY CITY MARKET UPDATE Dec 2020 Month over Month Year over Year 339 median listed price Dec 2020 Year over Year $654,728 $621,120 Month over Month Jan 2020 $643,791 Jan 2021 Jersey City sales prices in January saw year over year increases along with an increase in number of sales and new listings on the market. Median listed price slipped and days on market was slightly up compared with January of 2020. Each Jersey City neighborhood is its own submarket with a mix of rising and falling year over year price points, new listings, and days on market. Dec 2020 $628,000 Jan 2021 median SALES price Jan 2021 $659,000 Month over Month JERSEY CITY MARKET UPDATE Total Sales in jan 2020 Total Sales in dec 2020 Total Sales in jan 2021 Jersey City 140 189 143 Bergen-Lafayette 5 8 3 Downtown 46 57 60 Greenville 22 27 22 -19% 0% THE Heights 38 39 30 -23% -21% Journal Square 23 34 16 -53% -30% West Bergen 19 24 12 -50% -37% Month over month Difference Year over year Difference -24 2% -63% -40% 5% 3o% Copyright ©2021 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. Median Listed Price of Homes listed in jan 2020 Median Listed Price of Homes listed in dec 2020 Median Listed Price of Homes listed in jan 2021 Jersey City $659,000 $599,00 $628,000 Bergen-Lafayette $659,000 $627,500 $824,450 Downtown $899,000 $724,950 $714,900 Greenville $499,000 $510,000 $450,000 -12% -10% THE Heights $645,500 $659,000 $675,000 2% 5% Journal Square $652,000 $449,500 $432,500 -4% -34% West Bergen $354,450 $389,000 $575,000 48% 62% Month over month Difference Year over year Difference 5% -5% 31% 44% -1% -20% JANUARY 2021 Median Sales Price of Homes sold in jan 2020 Median sales price of Homes sold in dec 2020 Median sales price of Homes sold in jan 2021 Jersey City $562,000 $600,000 $620,000 Bergen-Lafayette $339,000 $599,000 $755,000 Downtown $817,000 $783,000 $752,500 Greenville $421,500 $375,000 $394,500 5% -6% THE Heights $600,000 $715,000 $627,000 -12% 4% Journal Square $450,000 $535,000 $407,000 -24% -10% West Bergen $350,000 $375,000 $382,500 2% 9% Month over month Difference year over year Difference 3% 10% 26% 123% -4% -8% JANUARY 2021 JERSEY CITY MARKET UPDATE Copyright ©2021 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. Average Sales Price of homes sold in jan 2020 Average Sales Price of homes sold in dec 2020 Average Sales Price of homes sold in jan 2021 Jersey City $621,120 $643,791 $654,728 Bergen-Lafayette $347,800 $703,813 $740,000 Downtown $939,691 $914,051 $855,319 Greenville $444,564 $451,593 $473,568 5% 7% THE Heights $591,776 $635,997 $595,124 -6% 1% Journal Square $451,668 $517,162 $459,076 -11% 2% West Bergen $390,021 $390,196 $393,333 1% 1% Month over month Difference year over year Difference 2% 5% 5% 113% -6% -9% New Listings in jan 2020 New Listings in dec 2020 New Listings in jan 2021 Jersey City 339 266 396 Bergen-Lafayette 16 12 8 Downtown 127 84 158 Greenville 42 42 53 26% 26% THE Heights 88 59 88 49% 0% Journal Square 42 54 60 11% 43% West Bergen 24 15 29 93% 21% MONTH OVER MONTH Difference YEAR OVER YEAR Difference 49% 17% -33% -50% 88% 24% JANUARY 2021 JERSEY CITY MARKET UPDATE Average days on market for HOMES SOLD IN Jan 2020 Average days on market for HOMES SOLD IN dec 2020 Average days on market for HOMES SOLD IN jan 2021 Jersey City 46 39 47 Bergen-Lafayette 50 24 14 Downtown 52 40 57 Greenville 54 49 51 4% -6% THE Heights 36 28 37 32% 3% Journal Square 50 34 51 50% 2% West Bergen 39 53 21 -60% -46% MONTH OVER MONTH Difference YEAR OVER YEAR Difference 21% 2% -42% -72% 43% 10% Copyright ©2021 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.