$3,950,000
4 bd3 ba3,300 sqft
548 Jersey Ave
Downtown, NJ Housing Market
$819,905
1.7% 1-yrThe average Downtown, NJ home value is $819,905, up 1.7% over the past year.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Downtown Key Takeaways
Typical Home Values: $819,905
1-year Value Change: +1.7%
(Data through April 30, 2025)
Downtown Housing Market Overview
--1-year Market Forecast
151For sale inventory(April 30, 2025)
52New listings(April 30, 2025)
--Median sale to list ratio
$729,000Median sale price(March 31, 2025)
$799,500Median list price(April 30, 2025)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- The Waterfront$973,867
- McGinley Square$486,122
- Journal Square$535,013
- Bergen-Lafayette$600,388
- The Heights$756,398
- Liberty Park$588,297
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Downtown Rental Market Trends
--Average rent in Downtown
$2,024National average rent(April 30, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
