The Hudson County Weekly Real Estate Market Report has been updated for Hoboken, Downtown Jersey City, and Jersey City Heights to reflect MLS data through 2/27/23. Listings continue to move through the pipeline from Active to Pending to Sold, with new listings coming onto the market each week in most home categories. The median days on market is starting to increase as the market begins to stabilize with more inventory coming on the market. Overall, inventory remains low compared to previous years, while prices remain high. All home categories in Hoboken, Downtown Jersey City, and Jersey City Heights are a Seller’s market.
HOBOKEN
Absorption rate (which measures how quickly inventory is moving) reflects the Hoboken Real Estate Market is a Seller’s market for all categories: Studio/1BR, 2BR and 3BR condos, Single and Multi-Family (2+) homes.
DOWNTOWN JERSEY CITY
Absorption rate: Downtown Jersey City Real Estate market is a Seller’s market for all home categories: Studio/1BR condos, 2BR condos, 3BR condos, and Single and Multi-Family (2+) homes.
JERSEY CITY HEIGHTS
Absorption rate: Jersey City Heights Real Estate market is a Seller’s market for all home categories: 0/1BR condos, 2BR condos, 3BR condos, and Single and Multi Family (2+) homes.
PROPERTY LISTINGS
For a full view of available listings, visit the Rakela Team search page.