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 10/2/23. 

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. We are starting to see a shift in more neighborhoods toward a neutral and buyer’s market. Yet overall, Hudson County remains a strong 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 condos, Single and Multi-Family homes. 3BR condos are a buyer’s market. 

HOBOKEN WEEKLY REAL ESTATE MARKET REPORT

DOWNTOWN JERSEY CITY

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

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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