Jersey City October 2020 Market Update

Sep 2020 43 172 Oct 2019 Sep 2020 $538,750 number of new listings $578,101 Oct 2020 358 Oct 2020 Year over Year 41 Oct 2019 $619,890 Year over Year Year over Year TOTAL SALES Sep 2020 Oct 2020 Sep 2020 $549,998 average days on market Month over Month average SALES price Oct 2020 Oct 2020 158 Oct 2019 Oct 2019 Sep 2020 38 Month over Month Year over Year Sep 2020 median SALES price $599,000 Oct 2019 Oct 2020 146 $599,000 JERSEY CITY MARKET UPDATE Year over Year Year over Year Month over Month The Jersey City real estate market had a mix of ups and downs across various metrics in October. Citywide, quantity of sales, median listed price, and average sales price all saw year over year and month over month increases while days on market decreased year over year. Each submarket tells a unique story, however the common trend is higher price points and rising sales. 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. Month over Month OCTOBER 2020 Month over Month median listed price Month over Month $600,292 $600,000 480 $546,500 450 Oct 2019 Total Sales in Oct 2020 Total Sales in Sept 2020 Total Sales in Oct 2019 Jersey City 172 146 158 Bergen-Lafayette 5 5 6 Downtown 54 49 51 Greenville 19 23 21 -17% -10% THE Heights 46 31 33 48% 39% Journal Square 28 22 32 27% -13% West Bergen 20 16 15 25% 33% Month over month Difference Year over year Difference 18% 9% 0% -17% 10% 6% 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. JERSEY CITY MARKET UPDATE Median Listed Price of Homes listed in oct 2020 Median Listed Price of Homes listed in sept 2020 Median Listed Price of Homes listed in Oct 2019 Jersey City $599,000 $600,000 $599,000 Bergen-Lafayette $554,500 $593,500 $449,000 Downtown $799,000 $787,450 $779,498 Greenville $475,000 $467,000 $410,000 2% 16% THE Heights $650,000 $629,000 $649,000 3% 0% Journal Square $447,000 $461,950 $499,000 -3% -10% West Bergen $449,000 $430,000 $394,000 4% 14% Month over month Difference Year over year Difference 0% 0% -7% 23% 1% 3% OCTOBER 2020 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. OCTOBER 2020 Median Sales Price of Homes sold in Oct 2020 Median sales price of Homes sold in Sept 2020 Median sales price of Homes sold in Oct 2019 Jersey City $546,500 $538,750 $549,998 Bergen-Lafayette $525,000 $465,000 $600,000 Downtown $675,000 $745,000 $720,000 Greenville $429,000 $416,000 $399,000 3% 8% THE Heights $627,500 $550,000 $635,000 14% -1% Journal Square $451,500 $422,500 $352,500 7% 28% West Bergen $384,500 $452,500 $360,000 -15% 7% Month over month Difference year over year Difference 1% -1% 13% -13% -9% -6% Average Sales Price of homes sold in oct 2020 Average Sales Price of homes sold in sept 2020 Average Sales Price of homes sold in oct 2019 Jersey City $619,890 $600,292 $578,101 Bergen-Lafayette $505,992 $476,600 $590,012 Downtown $824,448 $783,120 $776,821 Greenville $468,367 $478,061 $411,067 -2% 14% THE Heights $618,428 $581,384 $626,866 6% -1% Journal Square $485,151 $466,409 $421,515 4% 15% West Bergen $432,000 $475,469 $358,300 -9% 21% Month over month Difference year over year Difference 3% 7% 6% -14% 5% 6% New Listings in OCT 2020 New Listings in SEPT 2020 New Listings in OCT 2019 Jersey City 450 480 358 Bergen-Lafayette 15 9 11 Downtown 155 184 136 Greenville 61 52 27 17% 126% THE Heights 97 107 93 -9% 4% Journal Square 84 92 59 -9% 42% West Bergen 37 35 32 6% 16% MONTH OVER MONTH Difference YEAR OVER YEAR Difference -6% 26% 67% 36% -16% 14% OCTOBER 2020 Average days on market for HOMES SOLD IN OCT 2020 Average days on market for HOMES SOLD IN SEPT 2020 Average days on market for HOMES SOLD IN OCT 2019 Jersey City 41 38 43 Bergen-Lafayette 33 37 15 Downtown 33 26 49 Greenville 55 38 61 45% -10% THE Heights 46 56 30 -18% 53% Journal Square 47 49 43 -4% 9% West Bergen 33 30 36 10% -8% MONTH OVER MONTH Difference YEAR OVER YEAR Difference 8% -5% -11% 120% 27% -33% 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.