High-end condo leads modest week of closings in Jersey City
Jersey City recorded 30 residential real estate closings during the week ending Aug. 31, including a condominium that closed for $2.2 million, the highest-priced recorded transaction in the market for that period. Overall, that week’s transactions produced an average sale price of $747,333 and an average price per square foot of $527.
"A condominium in Jersey City that sold for $2.2 million tops the list of the most expensive residential real estate sales in Jersey City area over the past week."
The data represent property sales for which titles were recorded during the week of Aug. 31, even where contracts closed earlier. The range of reported transactions included newly built condominiums, century-old homes and multi-bedroom single-family residences, reflecting the mixed housing stock common across Jersey City neighborhoods.
Notable transactions and local detail
Among the most expensive recorded deals were a mix of single-family houses and condominiums. Highlights from the top 10 most expensive recorded sales include the following:
- $2.2M — Jersey City condominium (top sale for the week)
- $1.0M — residential home at 29 Prospect Street
- $950K — condominium at 966 Summit Ave., Apt. 1 (2,070 sq. ft.)
- $930K — single-family home at 15 Manhattan Ave. (1,380 sq. ft.)
- $870K — single-family house at 15 Linden Ave. (2,036 sq. ft., six bedrooms)
- $830K — single-family home at 110 Grace Street (1,511 sq. ft.)
- $815K — condominium at 160 Central Ave., Unit 2 (902 sq. ft., 2 beds)
Several of the higher-priced properties are older structures, with some homes listed as originally built in the late 19th century — a reminder that Jersey City’s historic housing inventory continues to command strong prices when updated or located in desirable areas.
| Rank | Price | Address | Living area | Price / sq. ft. | Bedrooms | Recorded |
|---|---|---|---|---|---|---|
| Top | $2,200,000 | Condominium, Jersey City | N/A | N/A | N/A | Week of Aug. 31 |
| 5 | $1,000,000 | 29 Prospect Street | N/A | N/A | N/A | Recorded during week of Aug. 31 |
| 6 | $950,000 | 966 Summit Ave., Apt. 1 | 2,070 sq. ft. | $459 | N/A | July 27 |
| 7 | $930,000 | 15 Manhattan Ave. | 1,380 sq. ft. | $674 | 2 | July 23 |
| 8 | $870,000 | 15 Linden Ave. | 2,036 sq. ft. | $427 | 6 | July 24 |
| 9 | $830,000 | 110 Grace Street | 1,511 sq. ft. | $549 | 2 | July 24 |
| 10 | $815,000 | 160 Central Ave., Unit 2 | 902 sq. ft. | $904 | 2 | July 23 |
Prices per square foot varied significantly among the listings, ranging from roughly $427 to more than $900 for the properties detailed — reflecting differences in unit size, condition, location and whether a property was a condominium or a single-family home.
What the week’s numbers mean locally
The weekly snapshot underscores two ongoing dynamics in Jersey City’s market: persistent demand for waterfront and well-located condominiums at the top end, and steady interest in single-family and multi-bedroom properties that serve families and investors. While a single high-value closing can skew averages, the median and per-square-foot figures give a clearer view of everyday market activity for buyers and sellers.
For residents watching property values — from homeowners considering refinancing to buyers mapping neighborhoods — these recorded transactions provide real-time signals of pricing pressure and market appetite. Local policymakers and housing advocates also track such data when assessing affordability programs, property tax projections and development incentives.
As always, weekly title recordings capture only a slice of the market. Properties under contract, off-market deals and pending listings may reflect different price dynamics that will show up in later recording periods.
This summary is based on public filings showing titles recorded during the week of Aug. 31. Specific closing dates and square-foot measurements were included where recorded with the title documents.
