Market Intelligence · NJ / Jersey City

Jersey City, NJ 07306 Housing Market

The typical home value in Jersey City 07306 is $540,542, down 3.3% over the past year. The median list price sits at $532,750, with homes taking a median 47 days on market as of September 2026.

Updated September 2026Median value$541K

The median home value in Jersey City, NJ 07306 is $541K as of September 2026, down 3.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 07306 range

$497K to $584K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.3% over 12 months

Sep 2025$559K

Low $540KHigh $559K

Sep 2026$541K

The numbers

What is the 07306 housing market like?

As of September 2026

Typical home value

$541K

3.3%YoY

Median list price

$533K

1.5%MoM

Days on market

23.7%MoM

Homes for sale

100

3.1%MoM

Price cuts

8.0%

28.9%MoM

New listings

80.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

07306 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07306 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 07306 fell 3.3%, per the Zillow Home Value Index.

Will home prices drop in 07306?

Zillow's forecast does not call for a drop: it expects typical home values in 07306 to rise 1.5% by September 2027, after a 3.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07306 home prices compare?

07306$540,542
Jersey City$645,520
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Jersey City: 6 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Jersey City 07306 had 100 homes for sale as of September 2026, with 36 new listings entering the market that month. The median list price of $532,750 reflects the area's ongoing pricing dynamics. At a median 47 days on market, homes are moving at a moderate pace. Only 8.0% of listings carried a price cut, suggesting most sellers are holding firm on asking prices despite the 3.3% annual value decline. For homeowners considering a sale, this is a balanced market that rewards realistic pricing and honest condition disclosure.

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Down payment20% · $108,108

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Common questions

What people ask us.

What is the typical home value in Jersey City 07306?

As of September 2026, the typical home value is $540,542, which represents a 3.3% decline over the past year.

How long do homes take to sell in this area?

The median time on market is 47 days as of September 2026.

What is the median list price?

The median list price in Jersey City 07306 is $532,750 as of September 2026.

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