Hoboken & Jersey City Real Estate Market Recap
September 30, 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
1015 Grand St Unit 5F - $889,000
- Bedrooms: 1 BR | Property Type: Condominium
- Square Footage: 907 sq ft | Price/sq ft: $980.15
- Days on Market: Brand new (just listed!)
- Key Features: Spacious 1BR approaching premium $1,000/sq ft pricing on desirable Grand Street
Additional Active Listings
- 402 Grand St Unit 3S/302 - $449,000 | 1BR | 625 sq ft | $718.40/sq ft | 21 DOM
New Listing Summary: 2 active properties with prices ranging from $449,000 to $889,000. The fresh Grand St listing provides premium 1BR option while existing inventory offers entry-level opportunity.
⚖️ ACCEPTED OFFERS (Attorney Review in Progress)
Properties with accepted offers pending legal review
Recently Accepted
201 Garden St Unit 2 - $650,000
- Bedrooms: 2 BR | Property Type: Condominium
- Square Footage: 752 sq ft | Price/sq ft: $864.36
- Days on Market: 12 days
- Market Context: Compact 2BR achieving strong pricing on Garden Street with efficient absorption timeline
Attorney Review Summary: 1 property currently in attorney review phase. The 12-day acceptance demonstrates continued buyer urgency for well-priced 2BR units under $700K.
🤝 UNDER CONTRACT
Properties progressing through the closing process
Contract Highlights
940 Bloomfield St #1 - $895,000
- Property Details: 2BR | 1,150 sq ft | $778.26/sq ft
- Time to Contract: 89 days on market
- Neighborhood: Extended marketing period suggests selective pricing or unique property characteristics
Additional Under Contract Properties
- 725 Washington St Unit 5 - $450,000 | Studio | 518 sq ft | $868.73/sq ft | 16 DOM
Under Contract Summary: 2 properties currently under contract representing $1.35M in pending sales. Interesting divergence in marketing timelines from 16 to 89 days.
✅ RECENTLY SOLD
Completed transactions providing market benchmarks
No completed sales transactions reported in today's data.
📊 MARKET INSIGHTS & TRENDS
Today's Key Metrics
- Active Listings: 2 properties ($449,000 - $889,000)
- Price Range: $449,000 - $895,000
- Average Sale Price: $666,600
- Average Days on Market: 28 days
Market Commentary
October opens with a fresh premium listing and diverse inventory across price segments. Today's data reveals interesting market dynamics with a 28-day average absorption time—notably longer than September's rapid pace. However, this is skewed by one outlier property at 89 days, while most properties continue moving efficiently in 12-21 days. The brand-new Grand St listing at nearly $1,000/sq ft demonstrates continued confidence in premium pricing.
Neighborhood Spotlight
Grand Street Activity: Two Grand St properties in today's data—a new premium 1BR at $889K and an existing entry-level unit at $449K—showcase the street's diverse appeal across buyer profiles and price points.
🎯 MARKET OUTLOOK
What to Watch
- October Opening: Fresh premium inventory suggests strong seller confidence entering fall market
- Pricing Spread: $440K range between active listings provides options for different budgets
- Velocity Normalization: 28-day average (excluding outlier) suggests slight market cooling from September's exceptional pace
- Studio/1BR Focus: Strong representation of compact units in today's pipeline
Buyer & Seller Takeaways
For Buyers: October brings fresh inventory with the new Grand St listing. Properties priced competitively (sub-$500K and well-located 2BRs) continue moving quickly, but the 89-day outlier suggests selective properties may linger. Time to be strategic. For Sellers: Premium listings like the new Grand St unit at $980/sq ft show market supports ambitious pricing for quality properties. However, ensure competitive positioning—properties priced outside market expectations may face extended timelines.
Market Velocity Analysis
Standard Pace (10-20 Days): Garden St 2BR (12 days), Washington St studio (16 days)
Extended Marketing (20-30 Days): Grand St 1BR (21 days active)
Outlier (80+ Days): Bloomfield St 2BR (89 days - unique property or pricing challenge)
💰 PRICE PER SQUARE FOOT DEEP DIVE
Today's Pricing Tiers
Near-Premium ($900-$999/sq ft): Grand St new 1BR ($980/sq ft)
Mid-Premium ($800-$899/sq ft): Washington St studio ($869/sq ft), Garden St 2BR ($864/sq ft)
Value-Positioned ($700-$799/sq ft): Bloomfield St 2BR ($778/sq ft), Grand St 1BR ($718/sq ft)
Key Insight: Compact units (518-752 sq ft) command higher per-square-foot pricing ($864-$980), while larger units (907-1,150 sq ft) offer better per-square-foot value ($718-$778). This reflects buyer preference for total price over unit efficiency.
📈 OCTOBER MARKET KICKOFF
Transition from September
September closed with exceptional 9-day average velocity. Today's 28-day average (normalized to ~17 days excluding the 89-day outlier) suggests slight moderation but still healthy absorption. This is typical seasonal adjustment as market transitions from summer urgency to fall deliberation.
What Makes October Different
- Fresh Inventory: New listings like Grand St 1BR signal seller confidence
- Buyer Selectivity: Extended timeline on one property suggests increased scrutiny
- Premium Persistence: Near-$1,000/sq ft pricing shows luxury segment resilience
- Entry-Level Options: Sub-$500K inventory provides accessibility for first-time buyers
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 first trading day of October 2025. While velocity has moderated slightly from September's exceptional pace, the market demonstrates healthy fundamentals with new premium inventory and continued activity across all price segments.
Hoboken & Jersey City Real Estate Market Recap - Your daily source for Hudson County market intelligence.
