HUDSON COUNTY WEEKLY REAL ESTATE MARKET REPORT

Hudson County Real Estate Market Report

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 2/5/23. 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 shrinking overall due to some homes moving into contract quickly as a result of low inventory. Overall, inventory is low while prices remain high. 

HOBOKEN 

Absorption rate (which measures how quickly inventory is moving) reflects the Hoboken Real Estate Market is a Seller’s market for all categorie: 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 Studio/1BR condos, 2BR condos and Multi-Family (2+) homes. Single Family homes are a neutral market.

JERSEY CITY HEIGHTS

Absorption rate: Jersey City Heights Real Estate market is a Seller’s market for 2BR condos, 3BR condos, and Multi Family (2+) homes. Single Family homes are a neutral market, and 1 Family homes are a buyer’s market.

PROPERTY LISTINGS

For a full view of available listings, visit the Rakela Team search page.

The Rakela Team
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