Q4 2020 Jersey City Market Update

Q4 2020 MARKET UPDATE JERSEY CITY 03 04 05 08 Q4 2020 market update triplemint.com i Q4 2020 i JERSEY CIty i 2 OVERVIEW JERSEY CITY Neighborhood Comparison Quarterly JERSEY CITY NEIGHBORHOOD Comparison Methodology what’s inside 40 $565,000 Quarter over Quarter Quarter over Quarter triplemint.com i Q4 2020 i JERSEY CIty i 3 overview Q4 2019 $565,000 Year over Year 511 average days on market $565,000 444 511 TOTAL SALES $522,500 MEDIAN SALES PRICE Year over Year Q3 2020 Q4 2019 Year over Year Q4 2020 45 40 Q4 2020 Q3 2020 jersey city MARKET AT A GLANCE Q4 2020 42 The Q4 Jersey City real estate market showed year over year increases in prices and sales in nearly all neighborhoods along with decreased days on market citywide. Quarter over quarter sales remain up and days on market remain down in nearly all neighborhoods, while median sale prices are slightly down compared with the previous quarter. Q4 2019 Quarter over Quarter median SALES price average days on market 443 Q4 2020 market update total number of SALES Q3 2020 Q4 2020 Q4 2020 market update JERSEY CITY Neighborhood Comparison Jersey CITY NEIGHBORHOOD NUMBER OF sales Median sales price Average Days on Market Jersey City 511 $565,000 40 Bergen - Lafayette 16 $533,750 27 Downtown 165 $750,000 38 Greenville 72 $416,500 53 The Heights 120 $622,500 36 Journal Square 79 $460,000 39 West Bergen 59 $390,000 43 triplemint.com i Q4 2020 i JERSEY CIty i 4 Q4 2020 55 26 21 106 Q4 2019 72 443 16 67 34 103 165 Q4 2020 market update Journal Square TOTAL NUMBER OF SALES 65 511 444 Greenville Q3 2020 120 JERSEY CITY 85 The Heights triplemint.com i Q4 2020 i JERSEY CIty i 5 53 West Bergen 79 QUARTERLY Neighborhood Comparison 145 Downtown 59 Bergen-Lafayette 127 600 500 400 300 200 100 0 $420,000 Downtown $390,000 $419,000 $772,000 $500,000 Bergen-Lafayette $587,500 The Heights Q4 2020 market update $533,750 $370,000 $400,000 $750,000 $565,000 $460,000 West Bergen $800K $700K $600K $500K $400K $300K $200K $100K $0 Q3 2020 $416,500 $547,500 Journal Square $415,000 $565,000 $629,500 $522,500 triplemint.com i Q4 2020 i JERSEY CIty i 6 Q4 2020 Q4 2019 $622,500 Median sales price $749,000 JERSEY CITY Greenville QUARTERLY Neighborhood Comparison $370,000 The Heights 34 QUARTERLY Neighborhood Comparison 44 Q4 2020 Q4 2019 Bergen-Lafayette 39 80 70 60 50 40 30 20 10 0 40 28 Q4 2020 market update 53 31 Greenville 38 37 42 50 West Bergen AVERAGE DAYS ON MARKET 43 64 27 36 Downtown Q3 2020 40 Journal Square triplemint.com i Q4 2020 i JERSEY CIty i 7 37 45 44 61 43 JERSEY CITY Q4 2020 market update triplemint.com i Q4 2020 i JERSEY CIty i 8 METHODOLOGY Average Days on Market: Average days on market represents the sum of days that a list of homes during a specified time period were on the market prior to going into contract. This sum is then divided by the number of homes in the data set. Median Sales Price: Median sales price represents the middle price point in a data set when a list of sold homes for a specified time period is ordered from the lowest price point to the highest price point. Quarters: Four three month periods that take place from January - December: Q1: January - March Q2: April - June Q3: July - September Q4: October - December Sales: Homes that sold during the quarter referenced in the report. Sources: Figures in this report are based on publicly reported data from the New Jersey Multiple Listing Service as well as proprietary data. THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 551.235.9033 331 Washington Street HOBOKEN, NJ 07030 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.