Why Live in The Waterfront
The Waterfront neighborhood in Jersey City is often referred to as New York City's sixth borough due to its convenient commute into Manhattan. This area attracts young professionals and families with its stunning views of the Manhattan skyline along the Hudson River. The neighborhood features new construction buildings with amenities such as fitness centers, concierge services, and upscale interior finishes. Residents enjoy a variety of attractions, including the Light House Tavern, DOMODOMO sushi restaurant, and the seasonal Smorgasbar beer garden. Shopping is convenient with Newport Centre mall and several grocery stores like Whole Foods and Target Grocery. Outdoor spaces like Newport Green Park and Morris Canal Park provide unique play structures, an urban beach, and scenic views of NYC. The neighborhood is highly rated for its family-friendly community and top-rated schools, including Cornelia F. Bradford School P.S. 16 and McNair Academic High School. The Waterfront is safer than the national average and offers multiple transportation options, including PATH trains, ferries, and light rail, making it easy to commute to NYC. Despite some traffic congestion on main avenues, the area’s extensive public transit network ensures that owning a car is not necessary.
Home Trends in The Waterfront, NJ
On average, homes in The Waterfront, Jersey City sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in The Waterfront, Jersey City over the last 12 months is $899,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$899,000
Median Single Family Sale Price
$840,000
Median Townhouse Sale Price
$533,000
Median 2 Bedroom Sale Price
$1,099,999
Median 1 Bedroom Sale Price
$750,000
Median Studio Sale Price
$778,000
Average Price Per Sq Ft
$968
Number of Homes for Sale
122
Last 12 months Home Sales
349
Median List Price
$895,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%