hOMES: Weekly Insight Into Hoboken & Jersey City Real Estate Trends | June 14, 2021

Hoboken & Jersey City Real Estate Trends
June 14, 2021
by Ann Wycherley
Broker Associate, Brown Harris Stevens

The New York Times highlighted Hoboken, Jersey City and Weehawken this week. The first was an article about a couple’s search for a new home in either Hoboken or downtown Jersey City. They later covered The Pompidou Center’s plans to open its first North American satellite museum in a renovated industrial building in a journal Square.  Most recently, NYT was talking about “falling in love with Weehawken.”

So what does this renewed interest in our area mean?

It means that now that people are starting to return to their offices in the City, they are starting to move back to our area. Meanwhile, Hoboken and Jersey City are seen as viable alternatives to Manhattan and other Boroughs.

Because of this, we are starting to see an upswing in sales in this market. We have not yet reached the frenetic level that has hampered buyers in suburban areas throughout the pandemic, but we’re back to a point where numerous properties are receiving multiple competitive offers—a tangible sign that we are well on our way to recovery in the real estate sector here in Hudson County.

Here’s a look at what just listed and sold this week in our areas:

Hoboken:
Studio /1-Bedrooms
New Listings:
15 new listings.The average price is $520,060 and the average price per sq/ft is $7.39
Sold Listings:
6 properties closed. The average price was $479,750, the average price per sq/ft was $743 and the average days on market was 58.

2-Bedrooms:
New Listings:
25 new listings.The average price is $968,801 and the average price per sq/ft is $801.
Sold Listings:
8 properties closed. The average price was $736,937, the average price per sq/ft was $724 and the average days on market was 19.

3-Bedrooms:
New Listings:
14 new listings.The average price is $1,207,438 and the average price per sq/ft is $806.
Sold Listings:
3 properties closed. The average price was $1,091,666 the average price per sq/ft was $745 and the days on market was 187.

Single-Family Homes:
New Listings:
1 new four-bedroom home listed from $1,995,000.
Sold Listings:
1 three-bedroom home closed for $1,3755,000

Downtown Jersey City:
Studio /1-Bedrooms
New Listings:
21 new listings.The average price is $600,714 and the average price per sq/ft is $806.
Sold Listings:
9 properties closed. The average sold price was $509,111, the average price per sq/ft was $771 and the average days on market was 38.

2-Bedrooms:
New Listings:
16 new listings.The average price is $778,468 and the average price per sq/ft is $727.
Sold Listings:
9 properties closed. The average sold price was $811,000, the average price per sq/ft was $764 and the average days on market was 64.

3-Bedrooms:
New Listings:
4 new listings.The average price is $1,805,750 and the average price per sq/ft is $822.
Sold Listings: 
2 properties closed. The average price was $99,5,00, the average price per sq/ft was $683 and the average days on market was 11.

Single-Family Homes:
New Listings:
2 three-bedroom homes listed for $650 ,000 and $999,000
Sold Listings:
1 two-bedroom home sold for $725,000 and 3 three-bedroom homes sold for $810,000 to $2,300,000.

Jersey City Heights:
Studio /1-Bedrooms
New Listings:
1 new listing .The average price is $289,000 and the average price per sq/ft is $404.
Sold Listings:
1 property closed. The price was $231,000 the price per sq/ft was $508 and the average days on market was 15.

2-Bedrooms:
New Listings:
3 new listings.The average price is $459,666 and the average price per sq/ft is $503.
Sold Listings:
2 properties closed. The price was $637,000 the price per sq/ft was $465 and the average days on market was 21.

3-Bedrooms:
New Listings:
4 new listings.The average price is $686,472 and the average price per sq/ft is $498.
Sold Listings:
4 properties closed. The average price was $694,500, the average price per sq/ft was $537 and the average days on market was 13.

Single-Family Homes:
New listings:
1 one-bedroom listed for $499,000 and five-bedroom listed for $550,000 and a two-bedroom listed for $699,000
Sold listings:
1 four-bedroom home sold for $800,000.

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:

Hoboken Summer Concert Series Announced (TAPinto Hoboken)

Fulop Budget Proposal Includes $967 Tax Cut Per Household (TAPinto Jersey City)

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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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