Downtown Jersey City Real Estate Market Daily Recap

Tuesday, August 19, 2025 Market Update

Welcome to your daily Downtown Jersey City real estate market summary. Today's report analyzes 5 active sales listings, providing insights into market trends, pricing, and inventory levels across our dynamic downtown market.

🏢 New Listings (Active)

Fresh properties hitting the market

Market Snapshot

• New Listings Today: 3 properties
• Average Price: $685,000
• Average Price/SF: $795
• Average Days on Market: 2 days

Featured New Listings:

238 Luis M Marin Blvd, Unit 1510

• Price: $529,000
• Bedrooms: 1 BR
• Square Footage: 882 sq ft
• Price per SF: $599.77
• Days on Market: 1 day
• Property Type: Condominium

Market Insight: Luis M Marin Boulevard continues to provide exceptional waterfront value under $600/sq ft, offering luxury amenities and Hudson River access at downtown's most competitive pricing.

105 Greene St, Unit 605

• Price: $649,000
• Bedrooms: 2 BR
• Square Footage: 886 sq ft
• Price per SF: $732.51
• Days on Market: 2 days
• Property Type: Condominium

Market Insight: Greene Street two-bedroom units maintain strong appeal in the historic downtown core, providing efficient layouts and character living at competitive mid-market pricing.

77 Hudson St, Unit 4114

• Price: $775,000
• Bedrooms: 1 BR
• Square Footage: 946 sq ft
• Price per SF: $819.24
• Days on Market: 3 days
• Property Type: Condominium

Market Insight: Hudson Street's luxury high-rise continues premium positioning, with spacious one-bedroom units commanding over $819/sq ft for world-class amenities and city views.

🤝 Accepted Offers (Attorney Review in Progress)

Properties with accepted offers pending legal review

Market Snapshot

• Properties in Attorney Review: 1 property
• Average Accepted Price: $519,000
• Average Price/SF: $733
• Average Time to Contract: 35 days

Properties Under Attorney Review:

264 9th St, Unit 3C

• Accepted Price: $519,000
• Bedrooms: 1 BR
• Square Footage: 708 sq ft
• Price per SF: $733.05
• Days on Market: 35 days
• Contract Date: Recent

Market Insight: This 9th Street property demonstrates steady mid-market performance, contracting within five weeks at competitive downtown pricing for the core area.

📋 Under Contract

Properties with fully executed contracts

Market Snapshot

• Properties Under Contract: 1 property
• Average Contract Price: $625,000
• Average Price/SF: $706
• Average Marketing Time: 22 days

Properties Under Contract:

1 Greene St, Unit 105

• Contract Price: $625,000
• Bedrooms: 1 BR
• Square Footage: 886 sq ft
• Price per SF: $705.53
• Days on Market: 22 days
• Contract Date: Recent

Market Insight: Greene Street continues to offer excellent value in the historic downtown core, with this spacious one-bedroom contracting at an attractive $705/sq ft for nearly 900 sq ft of living space.

✅ Recently Sold

Completed transactions providing market benchmarks

Market Snapshot

• Properties Sold: 0 properties
• Average Sale Price: N/A
• Average Price/SF: N/A
• Average Marketing Time: N/A

No recent sales to report today. Current market activity is concentrated in fresh listings and contract phases, with recent buyer activity progressing through the transaction pipeline.

Market Insight: The absence of recent closings indicates active transaction flow is currently in contract and attorney review phases, with closing activity expected to increase in the coming period.

📊 Daily Market Analysis

Key Takeaways

• Market Velocity: Properties are averaging 29 days from listing to contract across active categories
• Pricing Trends: Solid performance range from $599/sq ft (Luis M Marin waterfront value) to $819/sq ft (Hudson Street luxury)
• Inventory Levels: 5 active sales listings with moderate fresh inventory (3 new listings today)
• Buyer Activity: Steady demand across all price segments, with clear segmentation from value to luxury positioning

Market Outlook

Today's Wednesday market demonstrates consistent activity with fresh inventory entering across key segments. The waterfront value segment maintains its competitive advantage under $600/sq ft, while luxury properties sustain premium positioning above $800/sq ft. The mid-market segment shows steady performance around $700-750/sq ft, providing solid alternatives for buyers seeking downtown character and value.

Neighborhood Highlights

• Luxury High-Rises ($800+ /sq ft): Hudson Street maintaining premium performance
• Mid-Range Value ($700-$799 /sq ft): Greene Street and 9th Street offering competitive downtown living
• Waterfront Excellence (<$600 /sq ft): Luis M Marin Boulevard providing exceptional amenity-to-price ratio
• Historic Character: Greene Street properties offering downtown charm at solid value

💡 For Buyers and Sellers

Buyer Insights

• Competition Level: Moderate with fresh inventory providing reasonable selection across price segments
• Negotiation Opportunity: Properties over 30 days on market may offer some flexibility
• Best Value: Luis M Marin Boulevard waterfront under $600/sq ft; Greene Street providing historic charm with solid value

Seller Insights

• Optimal Pricing: Luxury properties achieving $800+ per sq ft; waterfront properties maintaining value leadership under $600/sq ft
• Market Position: Moderate inventory levels creating balanced competition
• Strategic Advantage: Premium locations and unique features continuing to command pricing premiums

🔍 Wednesday Market Focus

Fresh Inventory Balance: 3 new listings providing solid Wednesday buyer selection

Waterfront Value Leadership: Luis M Marin Boulevard continuing exceptional sub-$600/sq ft pricing

Luxury Positioning: Hudson Street maintaining premium above $819/sq ft

Mid-Market Stability: Greene Street offering character and competitive pricing

Transaction Pipeline: Active contract and attorney review phases showing healthy flow

Market Equilibrium: Balanced activity across key price segments and neighborhoods

📈 Market Dynamics

Price Segmentation: Clear $220/sq ft spread from waterfront value to luxury performance

Moderate Inventory: 5 properties providing focused but quality selection

Contract Activity: Steady progression through attorney review and contract phases

Buyer Engagement: Consistent interest across value, mid-market, and luxury segments

Market Stability: Established pricing patterns maintaining consistency

Value Preservation: Competitive options available across different buyer preferences

🌊 Waterfront Value Spotlight

Luis M Marin Boulevard continues to provide exceptional market value:

Competitive Pricing: Sub-$600/sq ft with luxury amenities and river access Amenity Package: Premium building services at value pricing Location Benefits: Waterfront living with downtown convenience Market Position: Anchoring the value segment while maintaining quality standards

The combination of luxury amenities, waterfront location, and sub-$600/sq ft pricing continues to make Luis M Marin Boulevard a standout value proposition in the downtown market.

This daily recap is compiled from MLS data and provides general market information. Individual property details and market conditions can vary. For personalized advice on buying or selling in Downtown Jersey City, consult with a qualified real estate professional.