Jersey City November 2020 Market Update

Month over Month Nov 2019 median SALES price Nov 2020 Oct 2020 Year over Year average days on market 41 Year over Year JERSEY CITY MARKET UPDATE $649,000 Nov 2019 Oct 2020 Nov 2020 $599,000 152 The Jersey City real estate market remained strong for the month of November with a mixed bag of ups and downs based on location. An increase in median sales price and decrease in average days on market were balanced by a decrease in average sales price and median listed price. number of new listings Nov 2019 Month over Month Nov 2019 NOVEMBER 2020 Month over Month 41 172 Oct 2020 $535,000 Oct 2020 $625,077 $619,890 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. $630,906 TOTAL SALES 0 $585,000 Nov 2020 Nov 2019 Month over Month 152 Nov 2019 Nov 2020 Year over Year Nov 2020 average SALES price Nov 2020 47 Oct 2020 $569,000 median listed price Oct 2020 260 $546,500 344 Year over Year Month over Month Month over Month 450 Year over Year Year over Year Total Sales in NOV 2020 Total Sales in OCT 2020 Total Sales in NOV 2019 Jersey City 152 172 152 Bergen-Lafayette 3 5 11 Downtown 51 54 45 Greenville 25 19 15 32% 67% THE Heights 36 46 31 -22% 16% Journal Square 21 28 29 -25% -28% West Bergen 16 20 21 -20% -24% Month over month Difference Year over year Difference -12% 0% -40% -73% -6% 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. Median Listed Price of Homes listed in NOV 2020 Median Listed Price of Homes listed in OCT 2020 Median Listed Price of Homes listed in NOV 2019 Jersey City $569,000 $599,000 $649,000 Bergen-Lafayette $670,000 $554,500 $524,500 Downtown $736,500 $799,000 $979,000 Greenville $499,000 $475,000 $425,000 5% 17% THE Heights $600,000 $650,000 $675,000 -8% -11% Journal Square $499,000 $447,000 $589,000 12% -15% West Bergen $454,000 $449,000 $392,500 1% 16% Month over month Difference Year over year Difference -5% -12% 21% 28% -8% -25% JERSEY CITY MARKET UPDATE NOVEMBER 2020 NOVEMBER 2020 Median Sales Price of Homes sold in NOV 2020 Median sales price of Homes sold in OCT 2020 Median sales price of Homes sold in NOV 2019 Jersey City $585,000 $546,500 $535,000 Bergen-Lafayette $702,500 $525,000 $327,000 Downtown $800,000 $675,000 $865,000 Greenville $450,000 $429,000 $430,000 5% 5% THE Heights $628,500 $627,500 $635,000 0% -1% Journal Square $485,000 $451,500 $400,000 7% 21% West Bergen $425,000 $384,500 $346,000 11% 23% Month over month Difference year over year Difference 7% 9% 34% 115% 19% -8% JERSEY CITY MARKET UPDATE 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. Average Sales Price of homes sold in NOV 2020 Average Sales Price of homes sold in OCT 2020 Average Sales Price of homes sold in NOV 2019 Jersey City $625,077 $619,890 $630,906 Bergen-Lafayette $623,333 $505,992 $388,636 Downtown $801,417 $824,448 $1,025,933 Greenville $473,950 $468,367 $525,193 1% -10% THE Heights $614,606 $618,428 $579,784 -1% 6% Journal Square $535,067 $485,151 $421,397 10% 27% West Bergen $441,156 $432,000 $351,619 2% 25% Month over month Difference year over year Difference 1% -1% 23% 60% -3% -22% NOVEMBER 2020 New Listings in NOV 2020 New Listings in OCT 2020 New Listings in NOV 2019 Jersey City 344 450 260 Bergen-Lafayette 5 15 14 Downtown 96 155 73 Greenville 65 61 31 7% 110% THE Heights 81 97 89 -16% -9% Journal Square 69 84 41 -18% 68% West Bergen 28 37 12 -24% 133% MONTH OVER MONTH Difference YEAR OVER YEAR Difference -24% 32% -67% -64% -38% 32% JERSEY CITY MARKET UPDATE Average days on market for HOMES SOLD IN NOV 2020 Average days on market for HOMES SOLD IN OCT 2020 Average days on market for HOMES SOLD IN NOV 2019 Jersey City 41 41 47 Bergen-Lafayette 25 33 33 Downtown 44 33 59 Greenville 51 55 64 -7% -20% THE Heights 34 46 35 -26% -3% Journal Square 41 47 47 -13% -13% West Bergen 36 33 35 9% 3% MONTH OVER MONTH Difference YEAR OVER YEAR Difference 0% -13% -24% -24% 33% -25% 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.