ZIP 07306 (Jersey City, NJ) Housing Market & Real Estate Update — February 23, 2026
07306 – February 23, 2026 – Jersey City (Hudson County) snapshot: softer sale prices, more listings, rates near 6.1%, plus rentals and what is for sale now.
ZIP 07306 covers the Journal Square area of Jersey City in Hudson County, New Jersey. Here is the latest quick pulse on prices, inventory, rentals, and financing conditions.
Top takeaways
- Recent closed-sale pricing looks softer year over year, while days on market are longer than last winter.
- Active inventory is higher across major portals, giving buyers a bit more selection than a year ago.
- Mortgage rates remain near 6%, so small rate moves still have an outsized impact on monthly payments.
Market snapshot (sales + inventory)
Redfin’s ZIP-level tracker shows a January 2026 median sale price around $632.5K in 07306, down about 10.6% year over year, with homes taking roughly 60 days to sell on average. Redfin also shows more completed sales versus last year (78 in January 2026 vs. 56 a year earlier), which can be a sign that buyers are still transacting when the numbers pencil out.
Realtor.com’s ZIP overview paints a slightly different picture on the listing side: a median listing price around $580K and roughly 156 homes for sale, with a median of about 57 days on market. Zillow’s ZIP dashboard puts typical home values near $545.7K (data through Jan. 31, 2026) and shows triple-digit for-sale inventory as of late January.
Rates and affordability
Freddie Mac’s Primary Mortgage Market Survey had the average 30-year fixed rate at 6.09% as of February 12, 2026. For 07306 buyers shopping condos or multifamily properties, that rate level keeps the payment math tight, so expect more negotiation around condition, HOA fees, and seller credits than you’d see in a lower-rate cycle.
Rentals check
On the rental side, Realtor.com shows a median rent around $2,500 for 07306. If you are considering buying vs. renting this spring, it may be worth comparing the all-in monthly cost (mortgage, taxes, insurance, and HOA) against current asking rents for similar unit types.
What’s for sale nearby (no-address scan)
Zillow’s 07306 search is showing roughly 100+ active listings right now. The mix typically includes:
- Entry-level condos, including some one-bedroom units priced in the mid-$200Ks to mid-$400Ks.
- Two- to four-family properties commonly listed from the $600Ks into the $1M+ range, depending on unit count, updates, and parking.
- A smaller set of single-family options, often priced higher and moving based on renovation quality and commute convenience.
If you are selling, the biggest lever in this ZIP right now is presentation and documentation: clear recent upgrades, well-scoped inspection items, and realistic pricing can shorten the timeline in a market where buyers have more choices.
Sources
https://www.redfin.com/zipcode/07306/housing-market
https://www.realtor.com/realestateandhomes-search/07306/overview
https://www.zillow.com/jersey-city-nj-07306/
https://www.zillow.com/home-values/60643/jersey-city-nj-07306/
https://www.freddiemac.com/pmms/pmms_archives
https://simplemaps.com/us-zips/07306/
What are you seeing in 07306 right now: more price cuts, more bidding wars, or more buyers waiting on rates?