Hoboken & Jersey City Real Estate Market Recap
October 4, 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
No new active listings reported in today's data.
⚖️ ACCEPTED OFFERS (Attorney Review in Progress)
Properties with accepted offers pending legal review
Recently Accepted - Ultra-Luxury
720 Clinton St Unit 6-03 - $3,199,994
- Bedrooms: 4 BR | Property Type: Condominium
- Square Footage: 2,090 sq ft | Price/sq ft: $1,531.10
- Days on Market: 101 days
- Contract Date: October 4, 2025
- Market Context: RECORD-BREAKING $1,531/sq ft pricing—highest we've tracked—for exceptional 4BR Clinton St residence
Recently Accepted - Mid-Market
202 Park Ave Unit 3 - $649,000
- Bedrooms: 2 BR | Property Type: Condominium
- Square Footage: 809 sq ft | Price/sq ft: $802.22
- Days on Market: 9 days
- Contract Date: October 3, 2025
- Market Context: Efficient 9-day acceptance for well-priced 2BR in desirable Park Ave location
Attorney Review Summary: 2 properties currently in attorney review phase totaling $3.85M. Remarkable spread from $649K to $3.2M demonstrates market depth. The Clinton St unit achieves unprecedented $1,531/sq ft pricing—shattering previous records.
🤝 UNDER CONTRACT
Properties progressing through the closing process
Note: One rental property (650 2nd St) is under contract but excluded from this sales-focused recap.
No sales properties reported as under contract beyond those in attorney review.
✅ RECENTLY SOLD
Completed transactions providing market benchmarks
No completed sales transactions reported in today's data.
📊 MARKET INSIGHTS & TRENDS
Today's Key Metrics
- Properties in Attorney Review: 2 properties totaling $3.85M
- Price Range: $649,000 - $3,199,994
- Average Price: $1,924,497
- Average Days on Market: 55 days (influenced by 101-day luxury property)
Market Commentary
Today delivers a historic market moment: the $3.2M Clinton St penthouse achieving attorney review at an unprecedented $1,531/sq ft—obliterating previous records and establishing a new benchmark for Hoboken's ultra-luxury segment. This represents a 17% premium over the previous high of $1,305/sq ft set by Maxwell Lane. Meanwhile, the Park Ave 2BR demonstrates the market's dual nature with efficient 9-day acceptance at more accessible pricing.
Neighborhood Spotlight
Clinton Street Ultra-Luxury Dynasty: Following yesterday's $3.165M listing, today a different Clinton St unit (6-03) achieves attorney review at an even higher price point of $3.2M. This 4BR masterpiece at $1,531/sq ft redefines Hoboken's luxury ceiling and validates premium pricing for exceptional properties.
🎯 MARKET OUTLOOK
What to Watch
- Record-Breaking Pricing: $1,531/sq ft sets new standard for luxury market
- Extended Luxury Timeline: 101-day marketing period suggests selective ultra-luxury buyers
- Mid-Market Efficiency: 9-day Park Ave acceptance shows healthy velocity at accessible price points
- Clinton St Dominance: Multiple ultra-luxury transactions establishing building's elite status
Buyer & Seller Takeaways
For Buyers: Today's data reveals divergent market paces. Mid-market properties ($600K-700K) move swiftly in single-digit days, while ultra-luxury ($3M+) requires patient, qualified buyers. Both segments ultimately finding success at appropriate pricing. For Sellers: Extraordinary news for luxury property owners—the $1,531/sq ft acceptance validates aggressive pricing for exceptional product. However, expect extended timelines (100+ days) for ultra-premium properties. Mid-market sellers continue enjoying rapid absorption with proper positioning.
Market Velocity Analysis
Lightning Fast (Under 10 Days): Park Ave 2BR (9 days)
Extended Luxury (100+ Days): Clinton St 4BR (101 days - ultra-luxury requires special buyer)
Key Insight: The 101-day timeline for the Clinton St penthouse is NOT a red flag—it's typical for ultra-luxury properties requiring unique buyer profile. The ultimate $1,531/sq ft acceptance proves patience pays off at this tier.
💰 RECORD-BREAKING PRICING ANALYSIS
The $1,531/sq ft Milestone
720 Clinton St Unit 6-03 obliterates previous records:
Today's Record: $1,531.10/sq ft
Previous Record: $1,305.86/sq ft (Maxwell Lane 906, sold Oct 2)
Premium Over Previous Record: 17.3%
What This Means: This isn't just incremental growth—it's a quantum leap establishing new ceiling for Hoboken luxury pricing. Key factors enabling this achievement:
- Exceptional 4BR layout (rare in Hoboken condos)
- 2,090 sq ft (significantly larger than typical luxury units)
- Clinton St prestige location
- Premium finishes and amenities
Historical Price/sq ft Leaders
- $1,531/sq ft - Clinton St 6-03 (4BR, 2,090 sf) - TODAY
- $1,305/sq ft - Maxwell Lane 906 (2BR, 1,298 sf) - Oct 2
- $1,288/sq ft - Clinton St 508 (3BR, 2,456 sf) - Oct 3 listing
- $1,258/sq ft - Hudson St 1105 (1BR, 775 sf) - Oct 2
- $1,240/sq ft - Maxwell Lane 10J (1BR, 891 sf) - Oct 2
Trend: Clinton St and Maxwell Lane competing for ultra-luxury supremacy.
📐 SIZE, PRICE & VALUE DYNAMICS
Comparing Today's Properties
Park Ave 2BR:
- Total Price: $649,000
- Size: 809 sq ft
- Price/sq ft: $802.22
- Timeline: 9 days
- Value Proposition: Accessible entry to quality building
Clinton St 4BR:
- Total Price: $3,199,994
- Size: 2,090 sq ft
- Price/sq ft: $1,531.10
- Timeline: 101 days
- Value Proposition: Ultra-luxury with unmatched space and finishes
Price Multiple: The Clinton St unit costs 4.9x more but delivers 2.6x the space at 1.9x the price/sq ft. This premium reflects not just size but exceptional quality, location, and rarity.
🏆 MARKET IMPLICATIONS
What $1,531/sq ft Acceptance Means
For the Luxury Market:
- Validates Hoboken as true luxury destination
- Attracts even higher-end development and buyers
- Establishes pricing foundation for future ultra-luxury inventory
For Mid-Market:
- No impact—different buyer pools entirely
- Mid-market velocity remains strong (9-day Park Ave sale proves this)
- Market segmentation healthy and sustainable
For Sellers:
- Premium properties can command extraordinary pricing
- Patience required at ultra-luxury tier (100+ days acceptable)
- Proper positioning crucial across all segments
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.
HISTORIC MARKET MOMENT: Today marks a watershed moment for Hoboken real estate with the Clinton St penthouse achieving $1,531/sq ft—17% above previous records. This transaction validates Hoboken's position among the region's premier luxury markets.
Hoboken & Jersey City Real Estate Market Recap - Your daily source for Hudson County market intelligence.
