Downtown Jersey City Real Estate Market Update

Sunday, July 6, 2025

Welcome to your daily pulse on Downtown Jersey City's real estate activity. Here's what happened in the market today - every listing change, every new deal, and every closed transaction that shapes our local market dynamics.

📈 Today's Market Activity Summary

New Listings: 2 properties
Offers Accepted: 1 property
Under Contract: 0 properties
Transactions Closed: 0 properties

Total Activity: 3 transactions across all categories

🆕 Today's New Listings

109 Erie Street #4L - Listed at $489,000
A 1-bedroom condominium featuring 750 square feet at $652 per square foot. Listed today (1 day on market), this Erie Street location provides competitive luxury positioning with efficient layouts and established downtown neighborhood appeal at accessible pricing for one-bedroom living.

288 Barrow Street #2 - Listed at $999,000
A luxury 2-bedroom condominium featuring 1,426 square feet at $701 per square foot. Listed today, this Barrow Street property approaches the million-dollar threshold with substantial space and competitive per-square-foot pricing for luxury family living in the established downtown corridor.

⚖️ Offers Accepted Today

661 Jersey Avenue #2 - $725,000 (Attorney Review in Progress)
This 1-bedroom condominium spanning 900 square feet achieved $806 per square foot after 34 days of market exposure. The Jersey Avenue location demonstrates continued buyer interest for premium one-bedroom properties with generous space, with the extended timeline followed by acceptance validating patient pricing strategy in the luxury segment.

🤝 Under Contract

No properties moved to contract status today.

✅ Transactions Closed Today

No closings were recorded today.

📊 Today's Market Insights

Activity Summary: 3 total transactions tracked today across new listings and accepted offers.

Price Range: Today's activity spanned from $489,000 to $999,000, demonstrating robust market movement from accessible luxury one-bedroom properties to premium two-bedroom family units approaching the million-dollar threshold.

Value Positioning: The Erie Street property at $652/sq ft offers competitive value for downtown one-bedroom living, while Barrow Street demonstrates exceptional space value at $701/sq ft for luxury family properties with substantial square footage.

Market Patience: The Jersey Avenue acceptance after 34 days demonstrates that buyers will wait for quality properties, with premium one-bedroom units commanding strong per-square-foot pricing above $800 for established downtown locations.

🔍 Market Context

Today's focused Sunday activity demonstrates continued market engagement with two new luxury listings and patient buyer acceptance for premium properties. The range from accessible one-bedroom units to luxury family properties shows sustained market breadth across different buyer categories.

The Barrow Street property at $999,000 with 1,426 square feet represents exceptional value for luxury family living at $701/sq ft, while the Jersey Avenue acceptance demonstrates buyer willingness to invest substantially for premium one-bedroom properties with generous space exceeding 900 square feet.

💡 For Buyers & Sellers

Sunday Market Engagement:

• For Buyers: Accessible luxury exists at Erie Street ($652/sq ft for 750 sq ft), while family properties offer exceptional space value at Barrow Street ($701/sq ft for 1,426 sq ft). Premium one-bedroom options demonstrate strong appreciation potential.
• For Sellers: Market conditions support both competitive positioning and patient premium pricing strategies, with the Jersey Avenue acceptance after 34 days demonstrating buyer willingness to invest in quality properties regardless of extended marketing periods.

Market Patience: Sunday's Jersey Avenue acceptance demonstrates that exceptional properties find buyers regardless of timeline, while new inventory provides fresh opportunities for buyers seeking both accessible and luxury downtown living options.

🔍 Weekend Market Quality

Today's Sunday activity demonstrates quality engagement with substantial new inventory and patient buyer acceptance, indicating sustained market interest for properly-positioned properties across accessible luxury through premium family segments regardless of traditional timing patterns.

🔍 Value Opportunities

Sunday's listings reveal exceptional value opportunities with Barrow Street offering luxury family space at competitive per-square-foot pricing, while Erie Street provides accessible downtown living with established neighborhood appeal and competitive luxury positioning.

This daily market update tracks all residential real estate activity in Downtown Jersey City to help buyers, sellers, and market observers stay informed about local trends and opportunities. Data sourced from MLS activity and public records.

Note: Today's activity represents focused weekend engagement with quality new inventory and patient buyer acceptance, demonstrating sustained market health and buyer confidence across accessible luxury through premium family property segments.