Friday, June 10, 2022

May Report | Hoboken 2BR Reach All-Time Highs! Strong Performance in Downtown JC!


Hoboken properties haven't sold this quickly since June 2017.

Downtown Jersey City properties haven't sold this quickly since May 2017.

2BR condos in Hoboken reached an all-time high of $809.55/sq.ft.

3BR condos in downtown Jersey City haven't sold at these prices since November 2017.


The supply of properties cannot keep up with demand at the moment.

Hoboken properties sold in an average of 21 days this month and 2BR condos reached an all-time high of $809.55/sq.ft.  

Seller are still receiving multiple bids for the right properties.

107 properties were sold in Hoboken in May.  We haven't seen more than 107 sales since June 2017 when there were 108.

Downtown Jersey City

The supply of properties in downtown Jersey City also cannot keep up with demand.

Properties went under contract in an average of 22 days.  Properties haven't sold this quickly since May 2017.

We are also regularly seeing multiple bids in downtown Jersey City

3BR pricing hasn't been at these levels since November 2017.

Happy Hunting!

Kevin G. Dowd
Broker of Record

100 Washington Street
Hoboken, New Jersey 07030
Cellular: 201.606.5957 | Office: 201.659.8600 
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