Downtown Jersey City Real Estate Market Recap

September 29, 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: 4 properties
Properties Under Contract: 5 properties
Properties in Attorney Review: 6 properties
Recent Sales: 2 properties
Average Days on Market: Est. 30-40 days
Market Temperature: Robust Transaction Pipeline

🆕 New Listings (Active)

135 Montgomery Street #14B

• Price: $478,600
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Cooperative
• Key Features: Entry-level pricing, Montgomery Street location

357 Varick Street #123B

• Price: $499,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Key Features: Under $500K entry point, Varick Street corridor

232 Pavonia Avenue #517

• Price: $699,500
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Key Features: Pavonia Avenue location, approaching $700K mark

311 Washington Street #12A

• Price: $950,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Key Features: Premium Washington Street address, approaching $1M

⚖️ Accepted Offers (Attorney Review in Progress)

270 Luis M Marin Boulevard #12-O

• Listed Price: $699,999
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Waterfront boulevard location attracting buyers

2 2nd Street #2607

• Listed Price: $815,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Premium 2nd Street high-rise location

10 Provost Street #1602

• Listed Price: $835,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Provost Street premium building

554.5 Jersey Avenue

• Listed Price: $1,449,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Jersey Avenue luxury segment

2 2nd Street #3903

• Listed Price: $2,199,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Ultra-luxury penthouse-level unit, 2nd Street premier address

300 Barrow Street

• Listed Price: $2,200,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Market Insight: Ultra-luxury segment, Barrow Street location

🏠 Under Contract

51 Mercer Street #4

• Listed Price: $675,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Contract Status: Under Contract

139 Christopher Columbus Drive #403

• Listed Price: $745,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Contract Status: Under Contract

380 Newark Avenue #504

• Listed Price: $899,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Contract Status: Under Contract

20 Newport Parkway #1707

• Listed Price: $1,385,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Contract Status: Under Contract

477 Monmouth Street #3

• Listed Price: $1,595,000
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Days on Market: N/A days
• Property Type: Condominium
• Contract Status: Under Contract

✅ Recent Sales (Closed)

347 Pavonia Avenue #4

• Sale Price: $705,000
• Original List Price: $705,000
• Price Change: 0.0%
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Total Days on Market: N/A days
• Property Type: Condominium
• Closed Date: N/A

366 6th Street #304

• Sale Price: $999,999
• Original List Price: $999,999
• Price Change: 0.0%
• Bedrooms: N/A BR / N/A BA
• Square Footage: N/A sq ft
• Price per Sq Ft: N/A
• Total Days on Market: N/A days
• Property Type: Condominium
• Closed Date: N/A

🎯 Market Insights & Analysis

Today's Key Trends

• Inventory Levels: Balanced with 4 active listings providing selection across price points
• Pricing Trends: Comprehensive range from $479K to $2.2M showing market depth across all segments
• Transaction Pipeline: Exceptionally strong with 11 properties in contract phases (5 under contract, 6 attorney review)

Notable Observations

• Strong pipeline activity with 11 properties in transaction phases vs only 4 active listings
• Ultra-luxury segment highly active with two $2.2M properties in attorney review
• Entry-level market represented with properties under $500K
• Multiple premium 2nd Street units in various stages (2607 in attorney review, 3903 penthouse)
• Recent sales closing at full asking price ($705K and $1M)

Market Context

Today's snapshot reveals a seller's market with limited active inventory (4 properties) but robust transaction activity (11 properties in contract). The concentration of properties in attorney review and under contract suggests strong buyer demand and successful pricing strategies across all market segments.

📊 Week-to-Date Summary

• New Listings This Week: 4 properties
• Properties Gone to Contract: 11 properties
• Closed Sales This Week: 2 properties
• Average Price per Sq Ft: Processing
• Average Days on Market: Est. 30-40 days

🔮 Looking Ahead

With 11 properties in the transaction pipeline versus only 4 active listings, the market shows strong absorption and buyer confidence. New inventory will be needed to sustain momentum as properties move efficiently from listing to contract. The successful full-price closings and robust ultra-luxury activity suggest continued strength across all price segments.

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 September 29, 2025.

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