The list below is not comprehensive, but these are the things that I thought of in considering your question.
Good code is well-organized. Data and operations in classes fit together. There aren't extraneous dependencies between classes. It does not look like "spaghetti."
Good code comments explain why things are done not what is done. The code itself explains what is done. The need for comments should be minimal.
Good code uses meaningful naming conventions for all but the most transient of objects. the name of something is informative about when and how to use the object.
Good code is well-tested. Tests serve as an executable specification of the code and examples of its use.
Good code is not "clever". It does things in straightforward, obvious ways.
Good code is developed in small, easy to read units of computation. These units are reused throughout the code.
I haven't read it yet, but the book I'm planning to read on this topic is Clean Code by Robert C. Martin.
