The Jill Biggs Group · Jersey City, New Jersey
Jersey City Real Estate Market Report · August 2026
What happened in Jersey City this August?
The median home sold price edged up to $788,000, a new high for the quarter, with homes selling in a median of 20 days and 45% closing at or above asking. Downtown and Jersey City Heights again led the city’s activity, while smaller multi-family neighborhoods like West Bergen stayed the most competitive on price. New to the area? Get to know the city on our Jersey City Community page.
- Competitive on speed, balanced on supply
- 45% sold at or above asking price
- Avg. list-to-sale ratio: 99.7%
- About 5.8 months of active supply
- August 2026: $788,000
- July 2026: $785,000 · June 2026: $745,000
- Median $/sqft: $680
- Highest median of the quarter
- 818 active listings citywide
- Median asking price: $749,950
- Supply: ~5.8 months (balanced)
- 542 of 818 listings are condos
- 141 closings across six neighborhoods
- Downtown led with 58 closings
- West Bergen most competitive at 75% over asking
- The Jill Biggs Group closed 11 of them
August 2026 Snapshot
The Numbers at a Glance
Jersey City homes sold in a median of 20 days in August and, on average, for essentially full asking price. The median sold price reached $788,000, a touch above July and the highest of the quarter, even as the over-asking share eased to 45%. It is a market that is still active and firmly priced, though more balanced than the spring, giving buyers a little more room to work.
The Trend
A Quarter in Motion
Median price stepped up through the summer, from $745,000 in June to $785,000 in July and $788,000 in August, holding its gains rather than giving them back. Days on market ticked up modestly to 20, and the over-asking share cooled from the spring. Both point to a market normalizing toward balance without losing its footing, even with national mortgage rates still hovering in the mid-6% range.
Median price stepped up through the summer, from $745,000 in June to $788,000 in August, holding its gains rather than giving them back. Days on market ticked up modestly to 20 and the over-asking share cooled. Both point to a market moving toward balance without losing its footing.
Micro-Markets
A Breakdown by Neighborhood
Citywide numbers only tell part of the story here. Median price ranged from $560,000 in Greenville to $937,500 Downtown, and the share of homes selling at or above asking ran from 33% in the Heights to 75% in West Bergen. Where you are buying or selling in Jersey City changes the math considerably.
Neighborhood Breakdown
Six Submarkets, Six Different Stories
Jersey City is really a collection of micro-markets, and August showed how differently each one moves. Downtown and the Heights did most of the heavy lifting on volume, together accounting for 60% of the month’s closings, while the smaller submarkets to the south and west stayed brisk and competitive on price.
Featured Sales
The Jill Biggs Group in Jersey City
The Jill Biggs Group closed 11 Jersey City home sales in August, roughly one in thirteen of the city’s 141 closings, capping an active summer that included 23 closings in July. Five of the month’s highlights:
Active Inventory
What’s Currently on the Market
As of the end of August, 818 homes were active on the market across Jersey City, with a median list price of $749,950, just below August’s median sold price, a sign that sellers are pricing close to where the market is closing. At the current pace of sales, that is roughly 5.8 months of supply, a balanced reading that gives buyers meaningful selection even as well-priced homes continue to move in about three weeks. Downtown and the Heights hold the most active listings, mirroring their standing as the city’s busiest submarkets.
Thinking About Buying or Selling in Jersey City?
Every Jersey City neighborhood moves a little differently, whether you’re curious about Downtown condos, Heights two-families, or a multi-family in West Bergen. We’re here to help.
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