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Jersey City, NJ Housing Market Trends
In February 2025, home prices in Van Vorst Park dipped by 6.9% year-over-year, with the median sale price settling at $538,000. Homes in the area took slightly longer to sell, averaging 45 days on the market compared to 35 days during the same period last year. Interestingly, despite the price decline and longer selling time, the number of homes sold rose to 18 from 16, suggesting that buyer interest remains steady. This trend may point to more favorable conditions for buyers, who are finding opportunities in a softening but still active local market.
In February 2025, homes in Van Vorst Park sold for approximately the asking price on average, reflecting a balanced market where sellers are pricing competitively and buyers are responding. The average time on market was 44 days, indicating a slight increase compared to the same time last year, but a modest improvement from the previous month. This downward month-over-month trend in days on market suggests that buyer activity may be picking up, even as the market adjusts to pricing shifts seen over the past year.
Van Vorst Park was considered a balanced market in February 2025, indicating that the supply of homes for sale is roughly in line with buyer demand. This equilibrium creates a stable environment where neither buyers nor sellers have a strong advantage, leading to fair pricing and moderate competition. In such a market, homes tend to sell close to asking price, and both parties have room for negotiation without the pressure of bidding wars or steep discounts.
If you’re considering making Van Vorst Park your next home or investment, we’re here to help. Whether you have questions about the market or you're ready to start your property search, our local experts can guide you every step of the way. Reach out to learn more about available listings and discover why Van Vorst Park is one of Jersey City's most desirable neighborhoods.
Explore our comprehensive Van Vorst Park neighborhood guide to discover everything this vibrant Jersey City community has to offer—from local hotspots and parks to real estate insights and lifestyle highlights. Whether you're just starting your search or narrowing down your options, this guide is your go-to resource for getting to know the area.