Downtown Jersey City Real Estate Market Recap

October 04, 2025 Daily Update

Welcome to your daily snapshot of Downtown Jersey City's real estate market activity. Today's recap highlights new opportunities, market momentum, and recent transactions across our vibrant waterfront community.

📈 Market Snapshot

Active Listings: 3 properties
Properties Under Contract: 5 properties
Properties in Attorney Review: 4 properties
Recent Sales: 3 properties
Average Days on Market: 16 days
Market Temperature: Hot Market - Strong Pipeline

🆕 New Listings (Active)

139 Christopher Columbus Drive #201

• Price: $655,850
• Bedrooms: 1 BR / N/A BA
• Square Footage: 738 sq ft
• Price per Sq Ft: $888.69
• Days on Market: 3 days
• Property Type: Condominium
• Key Features: New development, waterfront location, efficient 1-bedroom

139 Christopher Columbus Drive #308

• Price: $969,000
• Bedrooms: 2 BR / N/A BA
• Square Footage: 1,090 sq ft
• Price per Sq Ft: $888.99
• Days on Market: 3 days
• Property Type: Condominium
• Key Features: New development, 2-bedroom layout, approaching $1M

139 Christopher Columbus Drive #409

• Price: $1,550,000
• Bedrooms: 2 BR / N/A BA
• Square Footage: 1,570 sq ft
• Price per Sq Ft: $987.26
• Days on Market: 3 days
• Property Type: Condominium
• Key Features: Luxury unit, spacious 2-bedroom, premium finishes

⚖️ Accepted Offers (Attorney Review in Progress)

139 Christopher Columbus Drive #205

• Listed Price: $646,250
• Bedrooms: 1 BR / N/A BA
• Square Footage: 738 sq ft
• Price per Sq Ft: $875.68
• Days on Market: 17 days
• Property Type: Condominium
• Market Insight: Entry-level luxury moving efficiently through attorney review

20 Newport Parkway #2103

• Listed Price: $725,000
• Bedrooms: 1 BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: 98 days
• Property Type: Condominium
• Market Insight: Extended marketing period but finally secured buyer

139 Christopher Columbus Drive #206

• Listed Price: $1,205,000
• Bedrooms: 2 BR / N/A BA
• Square Footage: 1,132 sq ft
• Price per Sq Ft: $1,064.49
• Days on Market: 17 days
• Property Type: Condominium
• Market Insight: Premium pricing securing buyers within weeks

329 4th Street

• Listed Price: $1,349,000
• Bedrooms: 4 BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: 7 days
• Property Type: Condominium
• Market Insight: Rare 4-bedroom quickly attracting family buyers

🏠 Under Contract

139 Christopher Columbus Drive #404

• Listed Price: $773,500
• Bedrooms: 1 BR / N/A BA
• Square Footage: 754 sq ft
• Price per Sq Ft: $1,025.93
• Days on Market: 1 day
• Property Type: Condominium
• Contract Status: Under Contract

143 Morgan Street #2A

• Listed Price: $949,000
• Bedrooms: 2 BR / N/A BA
• Square Footage: 1,100 sq ft
• Price per Sq Ft: $862.73
• Days on Market: 9 days
• Property Type: Condominium
• Contract Status: Under Contract

139 Christopher Columbus Drive #207

• Listed Price: $1,175,000
• Bedrooms: 2 BR / N/A BA
• Square Footage: 1,090 sq ft
• Price per Sq Ft: $1,077.98
• Days on Market: 0 days
• Property Type: Condominium
• Contract Status: Under Contract (immediate acceptance)

139 Christopher Columbus Drive #209

• Listed Price: $1,500,000
• Bedrooms: 3 BR / N/A BA
• Square Footage: 1,570 sq ft
• Price per Sq Ft: $955.41
• Days on Market: 17 days
• Property Type: Condominium
• Contract Status: Under Contract

139 Christopher Columbus Drive #601

• Listed Price: $1,795,000
• Bedrooms: 3 BR / N/A BA
• Square Footage: 1,820 sq ft
• Price per Sq Ft: $986.26
• Days on Market: 17 days
• Property Type: Condominium
• Contract Status: Under Contract

✅ Recent Sales (Closed)

341 Monmouth Street #308D

• Sale Price: $315,000
• Original List Price: $315,000
• Price Change: 0.0%
• Bedrooms: 1 BR / N/A BA
• Square Footage: 525 sq ft
• Price per Sq Ft: $600.00
• Total Days on Market: 71 days
• Property Type: Condominium
• Closed Date: N/A

2 Shore Lane #410

• Sale Price: $680,000
• Original List Price: $680,000
• Price Change: 0.0%
• Bedrooms: 1 BR / N/A BA
• Square Footage: 709 sq ft
• Price per Sq Ft: $959.10
• Total Days on Market: 44 days
• Property Type: Condominium
• Closed Date: N/A

136 Erie Street

• Sale Price: $2,800,000
• Original List Price: $2,800,000
• Price Change: 0.0%
• Bedrooms: 5 BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Total Days on Market: 15 days
• Property Type: Condominium
• Closed Date: N/A

🎯 Market Insights & Analysis

Today's Key Trends

• Inventory Levels: Limited active inventory (3 properties) with heavy concentration at 139 Christopher Columbus Drive
• Pricing Trends: New development commanding $875-$987 per square foot with strong buyer acceptance
• Transaction Pipeline: Exceptional with 9 properties in contract phases vs only 3 active listings

Notable Observations

• 139 Christopher Columbus Drive Dominance: 11 of 15 properties (73%) are from this single new development
• Lightning-Fast Absorption: Multiple units going to contract in 0-3 days
• New Development Success: Properties at 139 Christopher Columbus selling rapidly across all price points
• Ultra-Luxury Activity: $2.8M Erie Street sale closed in just 15 days
• Price Range: From $315K (entry) to $2.8M (ultra-luxury) showing complete market spectrum
• Full-Price Sales: All 3 recent sales closed at 100% of asking price

Market Context

Today's snapshot is dominated by new development release at 139 Christopher Columbus Drive, showing exceptional buyer demand for quality new construction on the waterfront. With 11 units in various stages (3 active, 5 under contract, 3 attorney review), this represents one of the most significant new inventory releases in recent Downtown Jersey City history.

139 Christopher Columbus Drive Analysis:

• Price Range: $646K-$1.795M across 1BR-3BR units
• Pricing Strategy: Consistent $875-$1,078/sq ft demonstrates premium positioning
• Market Response: Immediate - units contracting in 0-17 days
• Unit Mix: 1BR ($646K-$774K), 2BR ($969K-$1.55M), 3BR ($1.5M-$1.795M)

📊 Week-to-Date Summary

• New Listings This Week: 3 properties
• Properties Gone to Contract: 9 properties
• Closed Sales This Week: 3 properties
• Average Price per Sq Ft (Active Listings): $922
• Average Days on Market: 16 days

🔮 Looking Ahead

The exceptional activity at 139 Christopher Columbus Drive suggests strong pent-up demand for quality new construction in waterfront locations. With only 3 units still available from this release and 8 already in contract phases, expect continued rapid absorption. The successful $2.8M Erie Street sale demonstrates sustained ultra-luxury market strength alongside robust new development demand.

This daily recap is provided to keep Downtown Jersey City buyers, sellers, and market watchers informed of real-time market activity. All data is compiled from MLS sources and reflects activity as of October 03, 2025.

Questions about the market or specific properties? Contact us for personalized market analysis and guidance.