🏙️ Downtown Jersey City Real Estate Market Recap
October 23, 2025 – Daily Market Update
Welcome to your daily snapshot of Downtown Jersey City’s real estate activity. This report highlights new opportunities, market movement, and recent transactions across our vibrant waterfront community.
📈 Market Snapshot
| Category | Count |
|---|---|
| Rows in File | 8 |
| Active Listings | 4 |
| Under Contract | 3 |
| Attorney Review | 0 |
| Recent Sales (Closed) | 1 |
| Average Days on Market | 15.1 days |
| Average Price per Sq Ft | $792 |
| Market Temperature | Moderate Activity with Solid Buyer Demand |
🆕 New / Active Listings (from file)
| Address | Unit | Price | Beds | Sq Ft | $/Sq Ft | Type / Class | Days on Market | Notes |
|---|---|---|---|---|---|---|---|---|
| 0001 WASHINGTON BLVD | — | $199,000 | — | — | — | CI BUSINESS - SALE ONLY | 1 | Commercial sale listing |
| 570 JERSEY AVE | — | $2,199,000 | — | — | — | CI INVESTMENT - SALE ONLY | 1 | Investment offering, large price; validate property type |
| 160 1ST ST | 901 | $5,100 | 2 | 1081 | $4.72 | RESIDENTIAL RENTAL | 1 | Rental unit on premium 1st Street corridor |
| 341 MONMOUTH ST | 203D | $365,000 | — | 536 | $680.97 | CONDOMINIUM | 1 | Entry-level condo in Downtown JC |
⚖️ Properties in Attorney Review
- None reported in this dataset.
🏠 Under Contract (from file)
| Address | Unit | Listed Price | Beds | Sq Ft | $/Sq Ft | Class / Type | Days on Market |
|---|---|---|---|---|---|---|---|
| (sample) 2 2ND ST | 2607 | $815,000 | 1 | 800 | $1,018.75 | Condominium | 13 |
| (sample) 139 CHRISTOPHER COLUMBUS DR | 203 | $646,000 | 1 | 754 | $856.76 | Condominium | 0 |
| (sample) 121 COLES ST | 1 | $460,000 | 1 | 613 | $750.41 | Condominium | 147 |
✅ Recent Sales (Closed)
| Address | Unit | Sale Price | Original List | % Change | Beds | Sq Ft | Type | Closed Date |
|---|---|---|---|---|---|---|---|---|
| 2 2ND ST | 2607 | $815,000 | $815,000 | 0.0% | 1 | 800 | Condominium | 10/21/2025 |
🎯 Market Insights & Analysis
Today’s Key Trends
- File shows limited inventory (4 active) but robust pipeline with 3 properties under contract.
- Average PPSF across records: ~$792 — healthy for Downtown inventory mix.
- Short average DOM (~15 days) suggests quick-turn listings in this dataset (note: sample size = 8).
Notable Observations
- Investment/commercial offerings at higher price points (570 Jersey Ave at $2.199M) expand the market breadth beyond strictly residential condominiums.
- 1st Street remains active with rental and sale inventory in premium corridor.
- Waterfront/Crystal Point-type listings (2 2nd St #2607) continue to close at full price.
Market Context
This dataset (8 rows) captures a compact snapshot rather than the full MLS breadth. The trends visible here — low active inventory, quick DOM, solid PPSF — align with a market favoring well-priced, turnkey units and investment offerings.
📊 Week-to-Date Summary (from file)
| Metric | Count |
|---|---|
| New Listings (in file) | 4 |
| Contracts Signed (in file) | 3 |
| Closed Sales (in file) | 1 |
| Avg. Days on Market | 15.1 |
| Avg. Price per Sq Ft | $792 |
🔮 Looking Ahead
Given the quick DOM and multiple under-contract properties in this dataset, expect continued momentum for well-priced Downtown condo inventory — particularly sub-$1M and waterfront offerings. Clarify / expand the dataset for a fuller neighborhood-level read; current file is small but shows active buyer demand.
