Tuesday, September 23, 2025

August Real Estate Update | A Record-Setting Month





Hoboken

It was quite a month for Hoboken with 1-4BR properties all reaching record highs.  

This is the first time that 1,2 and 4BR units averaged over $900/sq.ft. at the same time and the first time that 3BR condos averaged over $1100/sq.ft.

Inventory was very low at 5.12 weeks. We haven't seen levels this low since January of this year.


Downtown Jersey City

It was also quite a month for downtown Jersey City with studio apartments hitting a record and 1-3BR  condos all averaging over $900/sq.ft.

We haven't seen properties move this quickly since September, 2003.


Have questions or thinking of making a move?


Whether you're buying your first home, upgrading, or considering selling, I’m here to help you navigate the market with confidence.

Let’s connect today.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.























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Monday, September 22, 2025

July Stats Update | Hoboken/Downtown Jersey City



  

**Please note these are the stats for July....apologies for the delay**

August stats to follow shortly!


Have questions or thinking of making a move?


Whether you're buying your first home, upgrading, or considering selling, I’m here to help you navigate the market with confidence.

Let’s connect today.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.
























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Sunday, August 10, 2025

3BR Condos Hit All-Time High | June Real Estate Update

 








Hoboken Market Update

Total sales in Hoboken increased 15.09% to 90 units, but are still 21.74% lower than the same time last year.  The current pace of sales decreased 14.06% to 6.11 weeks. This is a very quick moving market.

1BR units reached $923.25/sq.ft. and we haven't seen pricing for 1BR condos this high since December, 2023. 

Days on the market still remains extremely low at just 16 days.

Downtown Jersey City Market Update

Total transactions dropped by 16.92% to just 54 units, while the current pace of sales increased 21.45% to 18.46 weeks of inventory. These numbers indicate that downtown Jersey City is moving towards more of a neutral market.

3BR condos reached an all-time high of $1145.17/sq. ft., surpassing the record that was reached in June by just over 5%.

Have questions or thinking of making a move?


Whether you're buying your first home, upgrading, or considering selling, I’m here to help you navigate the market with confidence.

Let’s connect today.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.



















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Monday, June 30, 2025

May 2025 Update | Properties Selling Quickly





Hoboken Market Update

Another solid month for Hoboken with total sales up 10.42% over April with 53 transactions, but we're still off 18.46% from this same time last year. 

Pricing dipped 7.33% for Hoboken 1BR and 15.40% for Studios.

2BR pricing was up 10.72% and 3BR pricing was up 8.46%.

Downtown Jersey City Market Update

Total sales for Downtown Jersey City were up 30% over April with 65 sales.

Pricing increased 6.25% for 1BR pricing and 2BR and 3BR pricing dipped 4.33% and 22.43%, respectively.

Interesting to note that the average Days on Market (DOM) of 22 days is the lowest we've seen since July, 2022.

Have questions or thinking of making a move?


Whether you're buying your first home, upgrading, or considering selling, I’m here to help you navigate the market with confidence.

Let’s connect today.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.


















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Monday, May 26, 2025

April 2025 Update | Market Surge in Hoboken & Jersey City






   

Today we honor our fallen heroes who gave the ultimate sacrifice to defend the values of our great county.

Happy Memorial Day

Hoboken Market Update

The Hoboken real estate market continues to show strength, particularly in the 1-bedroom and 3-bedroom markets, which saw impressive price increases of 10.15% and 20.96%, respectively. Demand for 3-bedroom homes remains high, as more families choose to make Hoboken their long-term residence.

While pending sales held steady month-over-month, closed sales doubled to 48 units, and the average days on market dropped significantly by 41.48% to just 17 days—highlighting how quickly well-priced properties are moving.

Downtown Jersey City Market Update

Downtown Jersey City saw a strong rebound in pricing across larger units, with 2-, 3-, and 4-bedroom homes posting double-digit gains.

Pending sales rose 3.06% to 101 units, total closed sales remained steady at 50 units, and the average days on market fell 20.93% to 34 days, reflecting continued buyer activity and market momentum.

As in Hoboken, larger homes (3BR and up) are driving the market—a trend worth watching for both buyers and sellers.

Have questions or thinking of making a move?
Whether you're buying your first home, upgrading, or considering selling, I’m here to help you navigate the market with confidence.

Let’s connect today.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.



















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Wednesday, April 16, 2025

March Real Estate Update | Still Going Strong

   



Hoboken

The Hoboken market saw price declines across the 1, 2 and 3BR markets for March.

Total transactions were only 24 units, which is low.

The 1BR market which has been very strong slipped a bit this month with a price drop of 46.02% to $827.48/sq.ft.

Days on the market is still low at 29 days.

The low inventory and relatively high demand are helping to keep prices strong.


Downtown Jersey City

Pricing rebounded in downtown Jersey City for March with the 1, 2 and 3BR markets all seeing price increases.

Total transactions were at 50 units, which is up by 78.57% compared to February.

3BR saw the biggest increase of 10.45% to $854.86/sq.ft.

We see the same story in Downtown Jersey City, low inventory and high demand is helping to keep prices strong.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.



















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Monday, March 10, 2025

February 2025 Real Estate Update | Record Prices

  


Hoboken

The 1BR market continues its strength by hitting a record price of $955.50/sq.ft. as renters convert to home buyers.

Sales activity is still very low in Hoboken with just 26 sales. The last time we had sales this low was February 2023.

Days on the market is still very low at just 22 days.
2BR and 3BR pricing also remains strong as limited inventory and strong demand keep pushing prices higher.

Downtown Jersey City

Pricing slipped a bit in downtown Jersey City in February as inventory starts to increase and stands at 28.95 weeks.

Pricing dipped for 2BR units by 12.34% to $790.64/sq.ft. and 20.90% to $774.00/sq.ft. for 3BR units.

We haven't seen 2BR pricing this low since March 2023.





Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 

*Licensed in New York
*Nationwide referral network

Each office is independently owned and operated.


















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