Condo sales in downtown Jersey City are selling in a relatively short amount of time. With the median days on market time just shy of two months, it's slightly up from July with 34 days on market time and sales are up slightly also at 39 from 33 in July. Inventory continues to remain low at just 165 units for sale, leaving an absorption rate favoring sellers, however homes still need to be priced correctly and show great to sell to multiple bidders. Sales
For the month of August, Downtown Jersey City reported a total of 39 units close. From the lowest sale price of $217,000 for a 575 sq ft one bedroom condo to the highest price of $839,500 for a 1771 sq ft 2 bedroom 3 bath at 66 Morris St.
The Median List Price for the month was $484,900 and the Median Sold Price was $474,900. The Median Days On Market was 38 days.
Pending
In August, downtown Jersey City reported 48 units change their status to pending. From the lowest asking price of $199,000 for a 643 sq foot one bedroom at 689 Marin Blvd Zephyr Lofts, to the highest asking price of $979,000 for a 3 bed two bath unit with outdoor space (sq footage not listed) at 232 Pavonia Ave Hamilton Square.
Median List Price for these units pending was $497,000 and the Median Days on Market was 44 days.
Search for downtown Jersey City condo's here and select your price range and number of bedrooms.
Information provided by the Hudson County MLS deemed reliable but not guaranteed.
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The Jersey state real estate market condo has been described here. You can know all about it
ReplyDeleteThanks for the update. Very helpful post to others.
ReplyDeletephilippine real estate
Great condos available in Jersey.
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