Hoboken & Jersey City Real Estate Market Recap

September 29, 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

115 Clinton St Unit 5 - $1,395,000

• Bedrooms: 3 BR | Property Type: Condominium
• Square Footage: 1,430 sq ft | Price/sq ft: $975.52
• Days on Market: 1 day (New!)
• Key Features: Spacious 3BR luxury unit on desirable Clinton Street with nearly premium $1,000/sq ft pricing

Additional New Listings

• 700 1st St Unit 12N - $749,900 | 2BR | 1,201 sq ft | $624.40/sq ft | 1 DOM

New Listing Summary: 2 new properties listed today with prices ranging from $749,900 to $1,395,000. Strong diversity in price points and square footage offerings.

⚖️ ACCEPTED OFFERS (Attorney Review in Progress)

Properties with accepted offers pending legal review

Recently Accepted

734 Adams St Unit 4D - $470,000

• Bedrooms: 2 BR | Property Type: Condominium
• Square Footage: 537 sq ft | Price/sq ft: $875.23
• Days on Market: 12 days
• Contract Date: September 29, 2025
• Market Context: Compact 2BR entry-level unit achieving strong per-square-foot pricing in desirable Adams St location

Attorney Review Summary: 1 property currently in attorney review phase. This efficient 12-day timeline demonstrates continued buyer urgency for entry-level opportunities.

🤝 UNDER CONTRACT

Properties progressing through the closing process

Contract Highlights

115 Grand St Unit 405 - $2,599,000

• Property Details: 4BR | 2,215 sq ft | $1,173.36/sq ft
• Time to Contract: 16 days on market
• Contract Date: September 26, 2025
• Neighborhood: Ultra-luxury 4BR commanding highest price per square foot in today's data

Additional Under Contract Properties

• 1027 Washington St Unit 4F - $429,000 | 1BR | 470 sq ft | $912.77/sq ft | 6 DOM

Under Contract Summary: 2 properties currently under contract representing $3.03M in pending sales. Exceptional range from entry-level to ultra-luxury demonstrates market depth across all segments.

✅ RECENTLY SOLD

Completed transactions providing market benchmarks

Notable Sale

1012 Park Ave Unit 8 - SOLD for $760,000

• Property Details: 2BR | 867 sq ft | $876.59/sq ft
• Market Performance: Efficient 15-day absorption
• Days on Market: 15 days
• Market Insight: Strong pricing for mid-sized 2BR unit demonstrating healthy buyer demand in the $700K-$800K segment

Additional Recent Sales

• 222 Grand St Unit 2E - $680,000 | 2BR | 750 sq ft | $906.67/sq ft | 9 DOM

Sales Summary: 2 properties recently closed totaling $1.44M with an average sale price of $720K and 12 days on market.

📊 MARKET INSIGHTS & TRENDS

Today's Key Metrics

• New Listings: 2 properties ($749,900 - $1,395,000)
• Price Range: $429,000 - $2,599,000
• Average Sale Price: $1,011,843
• Average Days on Market: 9 days (exceptional velocity)

Market Commentary

September closes with robust activity across all market segments. Today's data reveals exceptional velocity with a 9-day average time on market and strong representation across price points from entry-level $429K units to ultra-luxury $2.6M properties. The presence of both recent sales and new contracts demonstrates healthy market flow with properties moving efficiently from listing to closing.

Neighborhood Spotlight

Grand Street Luxury: The $2.6M penthouse-level unit at 115 Grand St achieving contract status in just 16 days at $1,173/sq ft establishes new pricing benchmarks for Hoboken's luxury segment. This represents one of the highest per-square-foot prices in our recent tracking.

🎯 MARKET OUTLOOK

What to Watch

• Entry-Level Intensity: Washington St 1BR (6 days) and Adams St 2BR (12 days) showing sub-$500K segment remains highly competitive
• Luxury Momentum: $2.6M contract demonstrates continued appetite for premium properties
• New Inventory: Two diverse new listings provide options for different buyer profiles
• September Close: Month-end activity typically strong as buyers close before October

Buyer & Seller Takeaways

For Buyers: September's closing data confirms continued rapid absorption across all segments. New October inventory will be critical—monitor closely as fall market historically brings motivated sellers and quality listings. For Sellers: Outstanding velocity (9-day average) and strong pricing power ($875-$1,173/sq ft) across the board. Premium properties like the Grand St unit achieving $1,173/sq ft demonstrate market will support ambitious pricing for exceptional properties.

Market Velocity Analysis

Lightning Fast (Under 10 Days): Washington St 1BR (6 days), Grand St 2BR sold (9 days)
Efficient Standard (10-15 Days): Adams St 2BR (12 days), Park Ave 2BR sold (15 days)
Steady Luxury (15-20 Days): Grand St 4BR luxury (16 days)

💰 SEPTEMBER MARKET WRAP-UP

Month-End Performance Highlights

Today's data provides an excellent snapshot of September market characteristics:

Velocity: Consistent 6-16 day absorption across price points
Pricing Power: $875-$1,173/sq ft range demonstrates strong fundamentals
Market Depth: Activity from $429K to $2.6M shows healthy buyer participation at all levels
Entry-Level Competition: Sub-$500K units moving fastest (6-12 days)
Luxury Strength: High-end properties maintaining momentum with premium pricing

October Preview

As we enter October, several trends to monitor:

• Fall market historically brings motivated buyers and quality inventory
• Recent velocity suggests supply constraints may persist
• Luxury segment showing particular resilience with $1,000+/sq ft pricing
• Entry-level competition likely to remain intense through year-end

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.

Special Note: Today marks the final trading day of September 2025. The market demonstrated exceptional health throughout the month with rapid absorption, strong pricing power, and activity across all segments.

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