hOMES: Weekly Insight Into Hoboken & Jersey City Real Estate Trends | April 2, 2021

Hoboken & Jersey City Real Estate Trends
April 2, 2021
by Ann Wycherley
Broker Associate, Brown Harris Stevens

Spring has sprung and with it a new wave of buyers have emerged. We have definitely seen an uptick in the number of active buyers, but the inventory is slow to match.

With our Spring market gathering momentum we are starting to see more new listings, but are there enough to satisfy this new wave of buyers?

Next week we will take a closer look at exactly what is available in our different areas.

Here’s a look at this week’s numbers:

Hoboken:
Studio /1-Bedrooms
New Listings:
15 new listings. The average price is $555,729 the average price per sq/ft is $735.
Sold Listings:
11 property closed. The average price was $524,181, the average price per sq/ft was $670 and the average days on market was 41.

2-Bedrooms:
New Listings:
5 new listings. The average price is $865,800 and the average price per sq/ft is $678.
Sold Listings:
10 properties closed. The average price was $733,110, the average price per sq/ft was $700 and the average days on market was 41.

3-Bedrooms:
New Listings:
6 new listings. The average price is $842,983 and the average price per sq/ft is $580.
Sold Listings:
6 property closed. The price was $971,916, the price per sq/ft was $621 and the days on market was 52.

Single-Family Homes:
New Listings:
2 four-bedroom homes listed for $2,090,000 and $3,050,000
Sold Listings:
2 three-bedroom homes sold for $750,000 and $1,300,000 and a four-bedroom sold for $1,780,000.

Downtown Jersey City:
Studio /1-Bedrooms
New Listings:
11 new listings. The average price is $646,354 and the average price per sq/ft is $796.
Sold Listings:
7 properties closed. The average price was $555,928, the average price per sq/ft was $705 and the average days on market was 49.

2-Bedrooms:
New Listings:
9 new listings. The average price is $835,111 and the average price per sq/ft is $719.
Sold Listings:
11 properties closed. The average sold price was $1,035,454, the average price per sq/ft was $812 and the average days on market was 49.

3-Bedrooms:
New Listings:
7 new listings. The average price is $1,275,857 and the average price per sq/ft is $819.
Sold Listings: 
1 sold property. The price was $1,130,000, the price per sq/ft was $792 and the days on the market was 7.

Single-Family Homes:
New Listings:
1 four-bedroom homes listed for $850,000 and 1 three-bedroom listed for $1.299,000
Sold Listings:
1 three-bedroom home sold for $810,000.

Jersey City Heights:
Studio /1-Bedrooms
New Listings:
No new listings.
Sold Listings:
1 sold property. The price was $200,000, the price per sq/ft was $400 and the average days on market was 14.

2-Bedrooms:
New Listings:
1 new listing .The average price is $514.995 the average price per sq/ft is $600.
Sold Listings:
5 properties closed. The average price was $462,000, the average price per sq/ft was $435 and the average days on market was 39.

3-Bedrooms:
New Listings:
5 new listings. The average price is $799,000 and the average price per sq/ft is $522.
Sold Listings:
3 property closed. The average price was $857,500, the average price per sq/ft was $534 and the average days on market was 3.

Single-Family Homes:
New listings:
1 three-bedroom home listed for $749,922
Sold listings:
1 two-bedroom sold for $525,000three-bedroom home sold for $485,000, 1 four-bedroom sold for $540,000

CLICK ON THE LINKS BELOW TO SEE THIS WEEK’S NEW LISTINGS:

HOBOKEN | DOWNTOWN JERSEY CITY | JERSEY CITY HEIGHTS

(Information provided by Hudson County MLS)

ALSO OF INTEREST:

5 Instagram Kitchen Trends That Look Like You Hired a Designer (Realtor.com)

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As an award-winning agent, Ann Wycherley brings nearly 20 years of solid real estate experience in the Hudson County market. She has been recognized by the New Jersey Circle of Excellence for many of those years and recently earned a Lifetime Membership in the New Jersey Association of Realtors Distinguished Sales Club. Direct and thorough, Ann’s straightforward approach to navigating the complexities of real estate in Hudson County has fostered strong working relationships with repeat clients and countless referrals from those who are looking to get the most out of buying or selling their home.

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