Hoboken & Jersey City Real Estate Market Recap

September 23, 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

1500 Washington St Unit 2U - $1,350,000

• Bedrooms: 2 BR | Property Type: Condominium
• Square Footage: 1,155 sq ft | Price/sq ft: $1,168.83
• Days on Market: 1 day (New!)
• Key Features: Luxury waterfront living with premium downtown location

Additional New Listings

• 115 Grand St - $975,000 | Retail/Commercial Space | 1 DOM

New Listing Summary: 2 new properties listed today with prices ranging from $975,000 to $1,350,000. The residential listing commands premium pricing at $1,168.83/sq ft.

⚖️ ACCEPTED OFFERS (Attorney Review in Progress)

Properties with accepted offers pending legal review

Recently Accepted

1100 Maxwell Lane Unit PH1213 - $2,790,000

• Bedrooms: 3 BR | Property Type: Condominium (Penthouse)
• Square Footage: 1,999 sq ft | Price/sq ft: $1,395.70
• Days on Market: 27 days
• Market Context: Ultra-luxury penthouse setting new price benchmarks at nearly $1,400/sq ft

Attorney Review Summary: 1 high-end property currently in attorney review phase. This penthouse unit represents the premium segment of Hoboken's luxury market.

🤝 UNDER CONTRACT

Properties progressing through the closing process

Contract Highlights

1125 Maxwell Lane Unit 711 - $1,450,000

• Property Details: 2BR | 1,206 sq ft | $1,202.32/sq ft
• Time to Contract: 12 days on market
• Neighborhood: Maxwell Lane luxury building commanding premium pricing

Additional Under Contract Properties

• 320 Madison St Unit 6 - $375,000 | 2BR | 550 sq ft | $681.82/sq ft | 7 DOM
• 921 Garden St Unit 3 - $899,000 | 2BR | 1,022 sq ft | $879.65/sq ft | 7 DOM
• 911 Willow Ave Unit 1 - $1,075,000 | 2BR | 1,295 sq ft | $830.12/sq ft | 12 DOM

Under Contract Summary: 4 properties currently under contract representing $3.8M in pending sales. Strong activity across all price segments from entry-level to luxury.

✅ RECENTLY SOLD

Completed transactions providing market benchmarks

Notable Sale

98 Adams St Unit 4 - SOLD for $1,500,000

• Property Details: 3BR | 1,544 sq ft | $971.50/sq ft
• Market Performance: Premium 3BR unit with efficient 8-day absorption
• Days on Market: 8 days
• Market Insight: Quick sale demonstrates strong demand for larger family-sized condominiums

Additional Recent Sales

• 419 5th St - $1,925,000 | 3-Family Investment | 39 DOM
• 1000 Hudson St Unit 209 - $865,000 | 2BR | 1,146 sq ft | $754.80/sq ft | 17 DOM
• 924 Willow Ave Unit 2 - $455,000 | 1BR | 680 sq ft | $669.12/sq ft | 20 DOM

Sales Summary: 4 properties recently closed totaling $4.745M with an average sale price of $1.19M and 21 days on market.

📊 MARKET INSIGHTS & TRENDS

Today's Key Metrics

• New Listings: 2 properties (1 residential, 1 commercial)
• Price Range: $375,000 - $2,790,000
• Average Sale Price: $1,241,727
• Average Days on Market: 14 days across all active transactions

Market Commentary

Today's market shows robust activity across multiple segments. The luxury market demonstrates particular strength with a $2.79M penthouse in attorney review and premium new listings entering at over $1,168/sq ft. Strong absorption rates continue with 4 properties under contract representing nearly $4M in pending transactions.

Neighborhood Spotlight

Maxwell Lane Luxury Corridor: Two high-end properties are making waves - a $1.45M unit under contract and a $2.79M penthouse in attorney review, cementing Maxwell Lane as Hoboken's premier luxury address.

🎯 MARKET OUTLOOK

What to Watch

• Luxury Segment: Premium pricing power holding strong with new listings over $1,100/sq ft
• Entry-Level Activity: $375K unit under contract shows healthy first-time buyer market
• Commercial Interest: New retail listing suggests commercial investment activity

Buyer & Seller Takeaways

For Buyers: Market offers options across all price points. Act decisively as properties are averaging just 14 days on market, with luxury units moving particularly quickly. For Sellers: Strong pricing environment supports aggressive listing strategies. Premium locations like Maxwell Lane and Washington St commanding exceptional per-square-foot pricing.

Market Velocity Analysis

Fast Movers (Under 10 Days): 3BR Adams St unit (8 days), Madison St 2BR (7 days), Garden St 2BR (7 days)
Steady Absorption (10-20 Days): Multiple properties in 12-17 day range
Extended Marketing (20+ Days): Properties requiring longer exposure typically priced above market benchmarks

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.

Tomorrow's Focus: We'll monitor the market response to today's new luxury listing and track progress on the $3.8M in properties currently under contract.

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