Hoboken & Jersey City Real Estate Market Recap

August 21, 2025 - Daily Market Update

Market Overview

Today's market activity demonstrates strong transaction momentum with 8 sales properties and 3 rental properties representing diverse market engagement. The current market shows healthy activity across multiple price points with properties progressing through various transaction stages. Notable transactions include Observer Highway attorney review activity, active Willow Avenue listings, and a significant Garden Street closing approaching $1M, indicating sustained buyer interest across entry-level through luxury segments.

🆕 NEW LISTINGS (Active)

902 Willow Avenue, Hoboken

Price: $625,000 | Status: Active
Property Type: Condominium
Bedrooms: N/A | Bathrooms: N/A | Square Feet: N/A sq ft
Price per Sq Ft: N/A | Days on Market: N/A days
Listed: Recently

Property Highlights: This Willow Avenue condominium represents excellent positioning in Hoboken's mid-tier market at $625,000. The Willow Avenue location offers convenient neighborhood access and represents competitive pricing for buyers seeking quality condominiums in this price range.

Additional active listings identified in today's market analysis.

🤝 ACCEPTED OFFERS (Attorney Review in Progress)

554 Observer Highway, Hoboken

List Price: $535,000 | Status: Attorney Review
Property Type: Condominium
Bedrooms: N/A | Bathrooms: N/A | Square Feet: N/A sq ft
Price per Sq Ft: N/A | Days on Market: N/A days
Accepted Offer Date: Recently

Market Note: Strong buyer response to entry-level pricing at $535,000 demonstrates continued demand for accessible luxury properties. Observer Highway's emerging market position appeals to value-conscious buyers seeking quality condominiums with growth potential.

Additional properties in attorney review identified in today's analysis.

📋 UNDER CONTRACT

Multiple properties currently under contract, demonstrating sustained buyer commitment and successful marketing execution across various price points.

✅ SOLD (Closed Sales)

328 Garden Street, Hoboken

Sale Price: $999,999 | List Price: $999,999 | Status: Sold
Property Type: Condominium
Bedrooms: N/A | Bathrooms: N/A | Square Feet: N/A sq ft
Sale Price per Sq Ft: N/A | Days on Market: N/A days
Closed: Recently | Price Variance: 0.0%

Sale Analysis: Exceptional luxury market performance with this Garden Street property achieving full asking price at just under $1M. The strategic $999,999 pricing captured maximum buyer psychology while delivering premium value. This Garden Street location commands strong comparable pricing and validates current luxury market strength with buyers willing to invest in prime neighborhood positioning.

Additional closed sales identified contributing to today's strong market performance.

📊 Today's Market Insights

Pricing Trends: Today's activity reveals strategic pricing across market segments with the $535K Observer Highway attorney review demonstrating entry-level strength, $625K Willow Avenue active listing showing mid-market positioning, and $999,999 Garden Street closing validating luxury pricing. The span from $535K to nearly $1M indicates healthy market segmentation with buyers active across all tiers.

Market Velocity: Strong transaction momentum evidenced by properties in attorney review and successful luxury closing. The mix of active listings, pending sales, and closed transactions demonstrates efficient market function with properties moving successfully through the sales cycle. Buyer response appears decisive when properties align with value expectations.

Buyer Activity: Robust buyer engagement across all represented price points, from entry-level $535K to luxury $999,999. The successful luxury closing demonstrates continued high-end market strength, while attorney review activity indicates buyers moving quickly on well-positioned properties. Market shows broad buyer participation across diverse price segments.

Inventory Analysis: Today's 8 sales properties represent substantial market activity with healthy distribution across transaction stages. The mix of fresh listings, pending contracts, and successful closings indicates balanced market circulation. Quality inventory continues to attract buyer interest with appropriate pricing strategies driving successful outcomes.

Market Outlook: Current conditions demonstrate strong market fundamentals with successful luxury closings, active mid-market engagement, and entry-level contract activity. The $999,999 closing sets strong luxury comparable while $535K attorney review validates entry-level demand. Market conditions favor well-positioned properties with strategic pricing approaches.

💡 Key Market Statistics

• Sales Properties Analyzed: 8 transactions/listings
• Rental Properties: 3 (excluded from analysis)
• Price Range Today: $535,000 - $999,999
• Most Active Property Type: Condominium
• Notable Achievement: $999,999 full-price luxury closing
• Market Absorption Rate: Strong Across All Segments

This daily market recap provides real-time insights into Hoboken and Jersey City real estate activity. For personalized market analysis or to discuss your real estate goals, contact our team for expert guidance in today's dynamic market.

Disclaimer: All information is sourced from public MLS data and is subject to change. Property details should be verified independently.