Market Trends

Furnished apartment living room with floor-to-ceiling windows overlooking the New York City skyline.

Downtown Jersey City

Real Estate

Market Break Down

October 2022

SRF Group, Prominent Properties Sotheby's International Realty

$793,502

Average Sale Price

40

Total Condos Sold

46

Average Days on Market

69

New Listings

98.4%

Avg. Sold-to-List Ratio

Absorption Rate

The Ratio between available homes and homes under contract within a given time frame indicates when the market is more favorable towards buyers or sellers.

Market-trends chart showing October at 2.4 months, toward the seller's market end of the scale.

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