Jersey City May 2021 Market Update

May 2020 $630,455 $635,000 May 2020 Month over Month May 2021 Month over Month Month over Month May 2021 44 Year over Year 215 May 2021 May 2021 $650,000 Apr 2021 298 Month over Month May 2020 Year over Year 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. $585,000 Month over Month 36 May 2020 May 2020 Apr 2021 Year over Year 456 $637,000 median SALES price $600,000 Apr 2021 95 number of new listings MAY 2021 Year over Year 385 $629,000 The Jersey City real estate market saw month over month decreases in sales, prices, days on market, and number of new listings. Sales prices, total sales, days on market, and new listings were up year over year.  Read on for neighborhood-specific market data. JERSEY CITY MARKET UPDATE average SALES price Apr 2021 TOTAL SALES Year over Year $671,047 average days on market Apr 2021 199 41 May 2020 May 2021 May 2021 Month over Month $661,599 Apr 2021 median listed price Year over Year Median Listed Price of Homes listed in May 2020 Median Listed Price of Homes listed in Apr 2021 Median Listed Price of Homes listed in May 2021 Jersey City $637,000 $650,000 $629,000 Bergen-Lafayette $547,000 $435,000 $599,999 Downtown $759,900 $845,000 $789,999 Greenville $444,000 $534,000 $510,000 -4% 15% THE Heights $640,000 $650,000 $699,000 8% 9% Journal Square $524,000 $554,500 $399,000 -28% -24% West Bergen $482,000 $550,000 $487,000 -11% 1% Month over month Difference Year over year Difference -3% -1% 38% 10% -7% 4% MAY 2021 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. JERSEY CITY MARKET UPDATE Total Sales in May 2020 Total Sales in Apr 2021 Total Sales in May 2021 Jersey City 95 215 199 Bergen-Lafayette 4 6 6 Downtown 34 75 80 Greenville 7 27 20 -26% 186% THE Heights 26 54 33 -39% 27% Journal Square 11 33 41 24% 273% West Bergen 13 20 19 -5% 46% Month over month Difference Year over year Difference -7% 109% 0% 50% 7% 135% Average Sales Price of homes sold in May 2020 Average Sales Price of homes sold in Apr 2021 Average Sales Price of homes sold in May 2021 Jersey City $630,455 $671,047 $661,599 Bergen-Lafayette $592,000 $659,433 $605,000 Downtown $844,976 $865,327 $853,427 Greenville $314,143 $463,015 $563,850 22% 79% THE Heights $650,615 $707,574 $629,167 -11% -3% Journal Square $346,818 $473,788 $452,656 -4% 31% West Bergen $451,231 $453,675 $482,474 6% 7% Month over month Difference year over year Difference -1% 5% -8% 2% -1% 1% Median Sales Price of Homes sold in May 2020 Median sales price of Homes sold in Apr 2021 Median sales price of Homes sold in May 2021 Jersey City $585,000 $635,000 $600,000 Bergen-Lafayette $496,500 $692,500 $458,000 Downtown $701,000 $831,000 $727,500 Greenville $270,000 $400,000 $579,500 45% 115% THE Heights $649,500 $710,000 $640,000 -10% -1% Journal Square $290,000 $370,000 $390,000 5% 34% West Bergen $400,000 $437,000 $520,000 19% 30% Month over month Difference year over year Difference -6% 3% -34% -8% -12% 4% MAY 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. JERSEY CITY MARKET UPDATE New Listings in May 2020 New Listings in Apr 2021 New Listings in May 2021 Jersey City 298 456 385 Bergen-Lafayette 16 7 13 Downtown 99 194 149 Greenville 33 42 49 17% 48% THE Heights 84 115 82 -29% -2% Journal Square 46 68 60 -12% 30% West Bergen 20 30 32 7% 60% MONTH OVER MONTH Difference YEAR OVER YEAR Difference -16% 29% 86% -19% -23% 51% Average days on market for HOMES SOLD IN May 2020 Average days on market for HOMES SOLD IN Apr 2021 Average days on market for HOMES SOLD IN May 2021 Jersey City 36 44 41 Bergen-Lafayette 43 13 52 Downtown 32 49 42 Greenville 53 37 33 -11% -38% THE Heights 35 48 33 -31% -6% Journal Square 36 48 48 0% 33% West Bergen 35 32 43 34% 23% MONTH OVER MONTH Difference YEAR OVER YEAR Difference -7% 14% 300% 21% -14% 31% MAY 2021 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.