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 1/22/24.

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 shift in some neighborhoods toward a neutral/buyer’s 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, 3BR condos and Multi-Family homes.

DOWNTOWN JERSEY CITY

Absorption rate: In Downtown Jersey City, Single and Multi-Family homes are a seller’s market; 2BR condos are neutral; and Studio/1BR and 3BR condos 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 condos, 3BR condos, and Single family homes. 2BR condos and Multi-family homes 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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Elizabeth is extremely knowledgeable on the market, professional and responsive to any questions or concerns. She also provided great local referrals.

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