Downtown Jersey City Real Estate Market Daily Recap

Wednesday, August 20, 2025 Market Update

Welcome to your daily Downtown Jersey City real estate market summary. Today's report analyzes 9 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: 5 properties
• Average Price: $745,000
• Average Price/SF: $835
• 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 deliver exceptional waterfront value under $600/sq ft, providing 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 their appeal in the historic downtown core, offering efficient layouts and character living at solid 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: 2 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.

88 Morgan St, Unit 3809

• Price: $765,000
• Bedrooms: 1 BR
• Square Footage: 843 sq ft
• Price per SF: $907.71
• Days on Market: 2 days
• Property Type: Condominium

Market Insight: Morgan Street's luxury tower maintains premium pricing above $907/sq ft, reflecting the building's prestigious location and comprehensive amenity package.

1 2nd St, Unit 2111

• Price: $1,099,000
• Bedrooms: 2 BR
• Square Footage: 1,105 sq ft
• Price per SF: $994.57
• Days on Market: 3 days
• Property Type: Condominium

Market Insight: 2nd Street's luxury development approaches the coveted $1,000/sq ft milestone, representing the pinnacle of downtown luxury living with exceptional amenities.

🤝 Accepted Offers (Attorney Review in Progress)

Properties with accepted offers pending legal review

Market Snapshot

• Properties in Attorney Review: 2 properties
• Average Accepted Price: $752,000
• Average Price/SF: $815
• Average Time to Contract: 20 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: 37 days
• Contract Date: Recent

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

227 Bay St, Unit 402

• Accepted Price: $985,000
• Bedrooms: 2 BR
• Square Footage: 1,127 sq ft
• Price per SF: $873.99
• Days on Market: 21 days
• Contract Date: Recent

Market Insight: Bay Street continues to attract luxury buyers, with this two-bedroom contracting at $874/sq ft, demonstrating sustained demand for premium waterfront amenities.

📋 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: 24 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: 24 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: 1 property
• Average Sale Price: $720,000
• Average Price/SF: $960
• Average Marketing Time: 18 days

Recent Sales:

201 Luis M Marin Blvd, Unit 1503

• Sale Price: $720,000
• Bedrooms: 1 BR
• Square Footage: 750 sq ft
• Price per SF: $960.00
• Days on Market: 18 days
• Closing Date: Recent

Market Insight: This Luis M Marin Boulevard sale demonstrates the premium end of the waterfront corridor, achieving $960/sq ft with superior views or upgraded finishes, showing the $360/sq ft premium spread within the building.

📊 Daily Market Analysis

Key Takeaways

• Market Velocity: Properties are averaging 25 days from listing to contract across all categories
• Pricing Trends: Extraordinary range from $599/sq ft (Luis M Marin value) to $995/sq ft (2nd Street luxury), showing $396/sq ft spread
• Inventory Levels: 9 active sales listings with strong fresh inventory (5 new listings today)
• Buyer Activity: Robust demand across all segments, with luxury units approaching $1,000/sq ft and waterfront showing internal premium variation

Market Outlook

Today's Thursday market demonstrates exceptional vitality with strong fresh inventory and remarkable pricing diversity. The waterfront corridor continues to show internal variation from $599 to $960/sq ft within the same building class, while luxury developments approach the $1,000/sq ft milestone. The market maintains healthy segmentation from value-oriented waterfront properties to ultra-premium luxury units, providing options for diverse buyer preferences.

Neighborhood Highlights

• Ultra-Premium ($950+ /sq ft): 2nd Street and Morgan Street leading luxury performance
• Premium Segment ($800-$949 /sq ft): Hudson Street and Bay Street maintaining consistent positioning
• Mid-Range Value ($700-$799 /sq ft): Greene Street and 9th Street offering competitive downtown living
• Waterfront Spectrum: Luis M Marin showing $360/sq ft spread based on unit features and views

💡 For Buyers and Sellers

Buyer Insights

• Competition Level: High for luxury units approaching $1,000/sq ft, moderate for mid-range with increased selection
• Negotiation Opportunity: Properties over 35 days on market may offer flexibility
• Best Value: Luis M Marin Boulevard entry-level under $600/sq ft; Greene Street providing historic charm with solid value

Seller Insights

• Optimal Pricing: Ultra-luxury properties achieving $950-995/sq ft; waterfront properties showing significant premium variation
• Market Position: Fresh inventory surge creating competitive but opportunity-rich environment
• Strategic Advantage: Premium features and locations commanding significant pricing premiums

🔍 Thursday Market Surge

Fresh Inventory Excellence: 5 new listings providing outstanding Thursday buyer selection

$1,000/sq ft Approach: 2nd Street at $995/sq ft nearing significant luxury milestone

Ultra-Premium Leadership: Morgan Street exceeding $907/sq ft demonstrating luxury tier expansion

Waterfront Diversity: Luis M Marin showing $360/sq ft spread within same building class

Market Breadth: From $519K attorney review to $1.099M fresh luxury listings

Premium Performance: Multiple properties above $900/sq ft establishing new market standards

📈 Market Evolution

Luxury Threshold Approach: 2nd Street nearing $1,000/sq ft milestone

Premium Tier Expansion: Multiple buildings achieving consistent $900+ per sq ft

Waterfront Differentiation: Significant premium variation based on views and finishes within same building

Market Sophistication: $396/sq ft pricing spread demonstrating mature buyer segmentation

Fresh Momentum: 5 new listings showing continued seller confidence and market participation

Value Preservation: Entry-level waterfront options maintaining accessibility despite premium growth

🌊 Waterfront Premium Analysis

Luis M Marin Boulevard demonstrates remarkable internal pricing diversity:

Entry Value: $599/sq ft for standard units with luxury amenities Premium Achievement: $960/sq ft for superior views/finishes Spread Analysis: $360/sq ft variation within same building Market Intelligence: View and finish premiums driving significant value differences

This waterfront analysis showcases the market's sophistication in pricing based on specific unit attributes and amenities.

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.