Hoboken & Jersey City Real Estate Market Recap

October 3, 2025 - Daily Market Update

Welcome to your comprehensive daily overview of the Hoboken and Jersey City real estate market. Stay informed with the latest property transactions, market trends, and key insights from Hudson County's most dynamic neighborhoods.

🏠 NEW LISTINGS (Active)

Fresh properties hitting the market today

Featured New Listing

720 Clinton St Unit 508 - $3,165,000

• Bedrooms: 3 BR | Property Type: Condominium
• Square Footage: 2,456 sq ft | Price/sq ft: $1,288.68
• Days on Market: 3 days
• Key Features: Ultra-luxury 3BR penthouse-level unit commanding extraordinary $1,288/sq ft pricing, representing one of the highest-priced condos currently on market

Additional New Listings

• 204 Garden St Unit 1 - $1,299,000 | 2BR | 1,882 sq ft | $690.22/sq ft | 3 DOM
• 232 Park Ave Unit 2N - $550,000 | 1BR | 625 sq ft | $880.00/sq ft | 16 DOM

New Listing Summary: 3 active properties with prices ranging from $550,000 to $3,165,000. Exceptional diversity from entry-level to ultra-luxury with average price per square foot of $952.97.

⚖️ ACCEPTED OFFERS (Attorney Review in Progress)

Properties with accepted offers pending legal review

Recently Accepted

413 Jefferson St Unit 1 - $1,249,000

• Bedrooms: 3 BR | Property Type: Condominium
• Square Footage: 1,404 sq ft | Price/sq ft: $889.60
• Days on Market: 9 days
• Market Context: Spacious 3BR achieving swift acceptance in just 9 days at strong per-square-foot pricing

Attorney Review Summary: 1 property currently in attorney review phase. The 9-day timeline demonstrates continued buyer enthusiasm for well-positioned 3BR units in the luxury segment.

🤝 UNDER CONTRACT

Properties progressing through the closing process

Contract Highlights

123 Willow Terrace - $1,400,000

• Property Details: 3BR | Single Family/Townhouse
• Time to Contract: 95 days on market
• Neighborhood: Extended timeline reflects unique property type and luxury positioning

Additional Under Contract Properties

• 201 Garden St Unit 2 - $650,000 | 2BR | 752 sq ft | $864.36/sq ft | 12 DOM

Under Contract Summary: 2 properties currently under contract representing $2.05M in pending sales. Interesting divergence from 12-day efficient condo to 95-day specialty property.

✅ RECENTLY SOLD

Completed transactions providing market benchmarks

Notable Sale

413 Madison St Unit 4 - SOLD for $1,200,000

• Property Details: 3BR | 1,444 sq ft | $831.02/sq ft
• Market Performance: Premium 3BR commanding strong pricing
• Days on Market: 29 days
• Market Insight: Larger family-sized units continue to attract buyers willing to invest in space

Additional Recent Sales

• 124 Madison St Unit 3L - $460,000 | 1BR | 550 sq ft | $836.36/sq ft | 10 DOM

Sales Summary: 2 properties recently closed totaling $1.66M with divergent profiles—entry-level 1BR and luxury 3BR—demonstrating market breadth.

📊 MARKET INSIGHTS & TRENDS

Today's Key Metrics

• Active Listings: 3 properties ($550K - $3.165M)
• Price Range: $460,000 - $3,165,000
• Average Sale Price: $1,246,625
• Average Days on Market: 22 days

Market Commentary

Today's data reveals a fascinating market dichotomy. While average days on market sits at 22 days (influenced by a 95-day townhouse), the majority of condos continue moving efficiently in 9-16 days. The star attraction is the $3.165M Clinton St penthouse at $1,288/sq ft—joining the elite club of properties commanding four-figure per-square-foot pricing. This follows yesterday's record-breaking activity and demonstrates sustained luxury market momentum.

Neighborhood Spotlight

Clinton Street Ultra-Luxury: The $3.165M listing at 720 Clinton St represents the highest-priced active listing in our recent tracking. At $1,288/sq ft for 2,456 sq ft, this penthouse tests the upper limits of Hoboken's luxury market, joining Maxwell Lane properties in the $1,200+/sq ft tier.

🎯 MARKET OUTLOOK

What to Watch

• Ultra-Luxury Test: $3.165M Clinton St listing will benchmark appetite for $1,200+/sq ft pricing outside Maxwell Lane
• Garden St Value Play: 2BR at $690/sq ft offers attractive pricing for spacious 1,882 sq ft unit
• Entry-Level Competition: $550K Park Ave unit continuing to seek buyer after 16 days
• 3BR Demand: Multiple 3BR properties in pipeline demonstrate family-buyer activity

Buyer & Seller Takeaways

For Buyers: Today's inventory spans remarkable range from $550K to $3.165M. The Garden St 2BR offers exceptional value at $690/sq ft for nearly 1,900 sq ft. Luxury buyers have premier options with both Jefferson St ($1.249M) and Clinton St ($3.165M) 3BR units. For Sellers: Market continues supporting premium pricing with $1,200+/sq ft achieved for exceptional properties. However, realistic pricing remains critical—note the 95-day townhouse vs. 9-12 day condo timelines. Quality condos in desirable buildings moving swiftly.

Market Velocity Analysis

Fast Movers (Under 12 Days): Jefferson St 3BR (9 days), Madison St 1BR sold (10 days), Garden St 2BR (12 days)
Standard Pace (15-30 Days): Park Ave 1BR (16 days), Madison St 3BR sold (29 days)
Extended Timeline (90+ Days): Willow Terrace townhouse (95 days - unique property type)

💰 ULTRA-LUXURY SPOTLIGHT

The $3.165M Clinton Street Penthouse

Today's highest-priced listing demands analysis:

Price: $3,165,000
Price/sq ft: $1,288.68
Size: 2,456 sq ft (exceptionally spacious)
Bedrooms: 3BR
Days on Market: 3 days (very fresh)

Market Context: This pricing positions the property among Hoboken's most expensive condos. Comparison to recent sales:

• Maxwell Lane 906: Sold at $1,305/sq ft for $1.695M
• Hudson St 1105: Sold at $1,258/sq ft for $975K
• Maxwell Lane 10J: Sold at $1,240/sq ft for $1.105M

The Clinton St penthouse's total price exceeds recent comparables by $1.5M+, testing whether buyers will pay premium for exceptional size and amenities.

📐 SIZE VS. PRICE DYNAMICS

Garden Street Value Opportunity

204 Garden St at $1,299,000 offers compelling value:

• Size: 1,882 sq ft (among largest 2BRs tracked)
• Price/sq ft: $690.22 (well below market average)
• Total Price: Competitive for space provided

This represents ~46% lower price/sq ft than the Clinton St penthouse, demonstrating how total price and size create different value propositions for buyers.

🏆 MARKET SEGMENTATION

Ultra-Luxury ($3M+): Clinton St penthouse
Premium Luxury ($1.2-1.4M): Jefferson St 3BR, Garden St 2BR
Mid-Market ($650-700K): Garden St 2BR under contract
Entry-Level ($460-550K): Madison St 1BR sold, Park Ave 1BR active

Each segment showing activity, confirming healthy market depth across all price points.

This market recap is compiled from MLS data and public records. For detailed property information or market analysis, contact our team of local real estate professionals.

Market Spotlight: Today's $3.165M Clinton St penthouse listing represents a significant market moment, testing Hoboken's appetite for ultra-luxury condos at premium pricing. Combined with continued efficient absorption in other segments, the market demonstrates both aspiration and accessibility.

Hoboken & Jersey City Real Estate Market Recap - Your daily source for Hudson County market intelligence.