Hoboken & Jersey City Real Estate Market Recap
October 5, 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
1425 Hudson St Unit 11A - $3,150,000
- Bedrooms: 4 BR | Property Type: Condominium
- Square Footage: 2,147 sq ft | Price/sq ft: $1,467.16
- Days on Market: 1 day (Brand New!)
- Key Features: Ultra-luxury 4BR Hudson St residence commanding near-record $1,467/sq ft pricing in prestigious waterfront building
New Listing Summary: 1 new ultra-luxury property listed today at $3,150,000. This Hudson St penthouse-level unit joins an elite group of properties commanding $1,400+/sq ft pricing.
⚖️ ACCEPTED OFFERS (Attorney Review in Progress)
Properties with accepted offers pending legal review
No properties currently in attorney review phase from today's data.
🤝 UNDER CONTRACT
Properties progressing through the closing process
Contract Highlights
261 12th St Unit 5B - $639,999
- Property Details: 2BR | 768 sq ft | $833.33/sq ft
- Time to Contract: 45 days on market
- Contract Date: October 4, 2025
- Neighborhood: Mid-market 2BR demonstrating sustained buyer interest despite extended timeline
Under Contract Summary: 1 property currently under contract. The 45-day timeline represents moderate absorption pace for mid-market segment, ultimately achieving contract at strong $833/sq ft pricing.
✅ RECENTLY SOLD
Completed transactions providing market benchmarks
No completed sales transactions reported in today's data.
📊 MARKET INSIGHTS & TRENDS
Today's Key Metrics
- New Listings: 1 property at $3,150,000
- Under Contract: 1 property at $639,999
- Price Range: $639,999 - $3,150,000
- Average Price: $1,895,000
- Average Days on Market: 23 days
Market Commentary
October's first week closes with another ultra-luxury entrant—the $3.15M Hudson St penthouse at $1,467/sq ft joins Clinton St's recent record-setter in the elite $1,400+/sq ft tier. This marks the THIRD property over $3M active or accepted in just three days, signaling extraordinary confidence in Hoboken's luxury market. Meanwhile, the 12th St unit's contract after 45 days demonstrates that mid-market properties, while taking longer, ultimately find buyers at strong pricing.
Neighborhood Spotlight
Hudson Street Waterfront Luxury: The 1425 Hudson St tower establishes itself as a premier luxury address with today's $3.15M listing. At $1,467/sq ft for a spacious 2,147 sq ft 4BR, this property positions Hudson St alongside Clinton St and Maxwell Lane in Hoboken's ultra-luxury trinity.
🎯 MARKET OUTLOOK
What to Watch
- Three $3M+ Properties in Three Days: Clinton St (2 units) and now Hudson St demonstrate luxury market depth
- $1,400+/sq ft Tier Emerging: Multiple properties now commanding this premium pricing
- Mid-Market Patience Required: 45-day timeline suggests buyers more selective at this tier
- Weekend Activity: Monitor buyer response to fresh Hudson St ultra-luxury listing
Buyer & Seller Takeaways
For Buyers: Ultra-luxury inventory expanding with three $3M+ options now available/pending. Hudson St listing provides alternative to Clinton St at slightly lower price point. Mid-market ($600K-700K) buyers demonstrating selectivity—properties may require 30-45 days to find right match. For Sellers: Extraordinary luxury market conditions with $1,400-1,500+/sq ft pricing validated repeatedly this week. Mid-market sellers should expect realistic 30-60 day timelines—the 12th St contract proves patience is rewarded with strong pricing.
Market Velocity Analysis
Ultra-Fast (1 Day): Hudson St new listing (just entered market)
Extended Mid-Market (40-50 Days): 12th St 2BR (45 days to contract)
Key Insight: Market showing clear segmentation—ultra-luxury moving at record pricing while mid-market requires more time but ultimately achieves strong valuations.
💰 ULTRA-LUXURY WEEK RECAP
The $3M+ Explosion (October 1-5)
October 3:
- Clinton St 508: $3,165,000 listing (3BR, $1,288/sq ft)
October 4:
- Clinton St 6-03: $3,199,994 in attorney review (4BR, $1,531/sq ft) 🏆 RECORD
October 5 (Today):
- Hudson St 11A: $3,150,000 new listing (4BR, $1,467/sq ft)
Total: $9.5M in ultra-luxury inventory active/pending in just 3 days!
The Elite $1,400+/sq ft Club
Current Members:
- $1,531/sq ft - Clinton St 6-03 (in attorney review)
- $1,467/sq ft - Hudson St 11A (new today)
- $1,305/sq ft - Maxwell Lane 906 (sold Oct 2)
- $1,288/sq ft - Clinton St 508 (active listing)
Market Significance: Four properties achieving $1,400+/sq ft (or very close) demonstrates this is not an outlier—it's a new pricing tier for Hoboken's best properties.
📐 COMPARING TODAY'S ULTRA-LUXURY
Hudson St vs. Clinton St
1425 Hudson St 11A:
- Price: $3,150,000
- Size: 2,147 sq ft
- Price/sq ft: $1,467.16
- Bedrooms: 4BR
- Status: Active (1 day)
720 Clinton St 6-03:
- Price: $3,199,994
- Size: 2,090 sq ft
- Price/sq ft: $1,531.10
- Bedrooms: 4BR
- Status: Attorney review (101 days)
Comparison:
- Hudson St offers 2.7% larger space
- Clinton St commands 4.3% higher price/sq ft
- Hudson St $50K less expensive overall
- Both targeting same ultra-luxury buyer profile
Buyer Choice: Hudson St may appeal to value-conscious luxury buyers seeking waterfront location at slight discount to Clinton St's record pricing.
🏢 MID-MARKET REALITY CHECK
The 12th St Case Study
261 12th St Unit 5B:
- Listed: August 20, 2025
- Contract: October 4, 2025
- Timeline: 45 days
- Price: $639,999
- Price/sq ft: $833.33
What This Tells Us:
- Mid-market ($600K-700K) requires 30-60 days typically
- Strong pricing still achieved despite extended timeline
- $833/sq ft demonstrates market supports premium mid-market pricing
- Patience rewarded—no panic pricing needed
For Mid-Market Sellers: This transaction proves that proper pricing + patience = success. The 45-day timeline is normal, not problematic, for this segment.
🎯 MARKET SEGMENTATION HEALTH
Three Distinct Markets Operating Successfully
Ultra-Luxury ($3M+):
- Pricing: $1,400-1,500+/sq ft
- Timeline: 1-100+ days (varies by uniqueness)
- Activity Level: HIGH (3 properties in 3 days)
Premium ($1M-2M):
- Pricing: $900-1,200/sq ft
- Timeline: 5-20 days typically
- Activity Level: Strong recent sales
Mid-Market ($600K-800K):
- Pricing: $800-900/sq ft
- Timeline: 30-60 days
- Activity Level: Steady with selective buyers
Key Insight: Each segment healthy and achieving appropriate pricing for quality. No segment shows distress—just different buyer behaviors.
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.
Week One October Summary: The first week of October has delivered unprecedented ultra-luxury activity with $9.5M in $3M+ properties entering the pipeline, establishing Hoboken firmly in the region's elite luxury conversation.
Hoboken & Jersey City Real Estate Market Recap - Your daily source for Hudson County market intelligence.
