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 12/18/23.

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. Hudson County is experiencing the seasonal slowdown that is typical for this time of year. Outside of Hoboken, we are starting to see a subtle shift in some neighborhoods toward a neutral market away from a dominant seller’s 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 condos, and Single and Multi-Family homes. 3BR condos are a buyer’s market.

DOWNTOWN JERSEY CITY

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

JERSEY CITY HEIGHTS

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

PROPERTY LISTINGS

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

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Recent Reviews

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