HUDSON COUNTY WEEKLY REAL ESTATE MARKET REPORT

Hudson County Weekly 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 11/6/23. 

TRENDS

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. Outside of Hoboken, we are starting to see a subtle shift in some neighborhoods toward a neutral market away from the very strong sellers market. Yet overall, Hudson County remains a seller’s market. Inventory levels remain low and prices remain high.  

HOBOKEN

The table below reflects the Hoboken Real Estate Market remains a strong seller’s market for the following home categories: Studio/1BR, 2BR, Single and Multi-Family homes.  3BR condos are a neutral market. 

Hoboken Weekly Real Estate Market Report

DOWNTOWN JERSEY CITY

Absorption rate: In Downtown Jersey City, Multi-Family homes are a seller’s market. Studio/1BR, 3BR condos, and Multi-Family homes are a buyer’s market.  2BR condos are a neutral.

Downtown Jersey City Weekly Real Estate Market Report

JERSEY CITY HEIGHTS

Absorption rate: Jersey City Heights Real Estate market is a seller’s market for the following home categories: Studio/1BR condos and Multi-family homes. 3BR condos and Single Family homes are a buyer’s market, and 2BR condos are neutral.

Jersey City Heights Weekly Real Estate Market Report

PROPERTY LISTINGS

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

The Rakela Team
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