Hoboken & Jersey City Real Estate Market Recap

September 20, 2025 - Daily Market Update

Market Overview

Today's market activity demonstrates focused excellence with 3 sales properties representing successful execution across luxury condominium and ultra-premium single-family segments. The current market shows exceptional momentum with 1 fresh active listing, 1 ultra-luxury property under contract, and 1 recent successful closing. The remarkable price range from $775K to $2.395M highlights continued premium market strength, while the rapid transaction velocity (3-8 days) combined with negotiated pricing success demonstrates sophisticated buyer engagement and market efficiency.

🆕 NEW LISTINGS (Active)

41 1st Street, Unit 1F, Hoboken

Price: $775,000 | Status: Active
Property Type: Condominium
Bedrooms: 2 | Bathrooms: N/A | Square Feet: 1,250 sq ft
Price per Sq Ft: $620 | Days on Market: 3 days
Listed: September 19, 2025

Property Highlights: This exceptional 2-bedroom condominium offers outstanding value at just $620 per square foot with generous 1,250 square feet of living space. The 1st Street location and fresh market entry at only 3 days indicates strategic pricing for immediate buyer interest, representing remarkable space efficiency and value leadership in Hoboken's luxury market segment.

🤝 ACCEPTED OFFERS (Attorney Review in Progress)

No properties currently in attorney review.

📋 UNDER CONTRACT

1141 Park Avenue, Hoboken

List Price: $2,395,000 | Status: Under Contract
Property Type: Single Family
Bedrooms: 5 | Bathrooms: N/A | Square Feet: N/A sq ft
Price per Sq Ft: N/A | Days to Contract: 8 days
Contract Date: September 19, 2025

Market Analysis: Outstanding ultra-luxury performance with rapid 8-day contract at $2.395M demonstrates exceptional buyer appetite for premier single-family opportunities. This 5-bedroom Park Avenue estate represents the pinnacle of Hoboken luxury living with maximum space, privacy, and prestige. The swift contract execution validates premium positioning and demonstrates continued strength in Hoboken's ultra-luxury market segment.

✅ SOLD (Closed Sales)

1200 Grand Street, Unit 418, Hoboken

Sale Price: $815,000 | List Price: $825,000 | Status: Sold
Property Type: Condominium
Bedrooms: 1 | Bathrooms: N/A | Square Feet: 858 sq ft
Sale Price per Sq Ft: $950 | Days on Market: 25 days
Closed: September 19, 2025 | Price Variance: -1.2%

Sale Analysis: Excellent luxury market performance with strategic 25-day marketing campaign yielding successful closing with minimal price adjustment. At $950 per square foot, this Grand Street property achieved competitive luxury pricing while demonstrating buyer appreciation for quality location and building amenities. The $10,000 price reduction represents exceptional market negotiation resulting in successful transaction completion, validating current luxury market conditions and buyer expectations.

📊 Today's Market Insights

Pricing Trends: Today's focused activity reveals strategic pricing across luxury ($775K-$815K) through ultra-luxury ($2.395M) segments with successful negotiated outcomes. The Grand Street closing demonstrates market sophistication with strategic pricing adjustments securing buyer commitment, while the ultra-luxury Park Avenue contract validates premium positioning power.

Market Velocity: Exceptional velocity patterns with fresh luxury listing achieving immediate interest (3 days) and ultra-luxury estate securing rapid contract (8 days). The successful luxury closing after strategic 25-day marketing demonstrates market efficiency accommodating both rapid response and patient positioning strategies.

Buyer Activity: Strong buyer commitment evidenced by ultra-luxury contract at $2.395M and successful luxury closing with strategic negotiation. The immediate response to fresh inventory combined with sophisticated contract execution demonstrates continued high-end buyer engagement and market confidence.

Inventory Analysis: Today's 3 sales properties represent focused premium market coverage with successful progression through active, contract, and closing phases. The dramatic price range from $775K to $2.395M demonstrates market sophistication supporting diverse luxury buyer demographics while maintaining transaction efficiency.

Market Outlook: Current conditions demonstrate strong luxury market fundamentals with ultra-luxury contract success and strategic pricing flexibility driving successful outcomes. The exceptional space value leadership ($620/sq ft) combined with premium performance suggests continued appreciation potential and market confidence in luxury segments.

💡 Key Market Statistics

• Average Days on Market: 12 days
• Average Price per Square Foot: $785
• Price Range Today: $775,000 - $2,395,000
• Property Types: Luxury Condominiums + Ultra-Luxury Single Family
• Fastest Transaction: 3 days (fresh 1st Street listing)
• Notable Achievement: $2.395M ultra-luxury 8-day contract

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.