Q1 Downtown Jersey City Real Estate Sales Update

First quarter downtown Jersey City Real Estate Sales Update

Let's just jump right in to the numbers!!

First Quarter (Q1) 2015
118 Condominium units closed with a Median Sale Price of $559,000 and a Median Days on Market of 29 days (about a week longer than 2014 Q4) which is an 11.4% increase from the same quarter 2014.

Q4 2014 closed 156 condominium units with a Median Sale Price of $562,500 and a Median Days On Market of 18 days.


There are currently 111 Units waiting to close with a Median List Price of $598,000 which is 6% higher than the Median List Price of all the units that sold in the first quarter of 2015.

I tell all of my buyers to expect prices to go up between 5% and sometimes even 10% in the Spring market. This is due largely in part to simple supply and demand.  More buyers look to purchase in the Spring than any other time of the year.

Hoboken Real Estate Market Snapshot

Hoboken Real Estate Market Snapshot 

Forgive me for being late with reporting these numbers! I have been out of the office sick and am finally back into the swing of things. Thank you for your patience!


May 2013
For the month Hoboken closed a total of 94 units. The Median List Price for these homes was $542,000 and the Median SALE Price was $540,061. The Median Days on Market was 21 days. These numbers are all up just slightly from April. (April 90 sales, Median Sale Price was $538,750, Median Days on Market was 17 days)

Pending Units in May
For the same month there were a total of 99 units change their status from active to Pending. The Median List Price was $540,000 and the Median Days on Market was 16 days - showing still strong demand in the market place.

Information deemed reliable but not guaranteed, provided by the Hudson County MLS, and figures reflect condominium sales only.

If you're searching for a home please visit my website and start looking for a condo or brownstone at www.karinaabad.com