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9.53% Increase in Average Sold Price for Jersey City Downtown

Jersey City downtown zip code 07302 saw a 9.53% increase in the average sold price for homes for the past year, June 1, 2013 through May 31, 2014, compared to the same period for the previous year, June 2012 through May 2013.

For the period ending May 2014, the average sold price for a residential home, one- to 4-family (including condos) was $582,766 compared to $532.082 the year before.

The average sold price in a Jersey City downtown zip code 07302 for May 2014 was $616,778 compared to $567,858 for May 2013.

Zip code 07302 also experienced a 22.55% increase in the total number of homes sold from June 2013 through May 2014, over the number sold between June 2012 and May 2013. The number of homes sold from June 2013 through May 2014 was 674 compared to 550 the previous year.

For more information on Jersey City home values, call me, Janice Hall, at (201) 232-8577.

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