April 2018

Downtown Jersey City – Q1 2018 Market Report

In Q1 2018, a four-family home on Mercer Street in downtown Jersey City sold for $1,937,500, which is just below the record high set last year of $2,270,000.  This quarter’s record sale was approximately 14% below asking, which compares unfavorably to last year’s record sale which sold for just 3.4% below asking.  On average, the […]

Dwell JC | Apr 29, 2018

Average List Price Drops as Listings Surge

The number of condos and single-family homes listed in Downtown Jersey City continues to increase since the property tax reval.  The number of listings in the period from March 15th to April 14th increased from 94 in 2017 to 154 in 2018, up 64% over last year.  The following bar chart depicts the number of […]

Dwell JC | Apr 14, 2018