Tuesday, May 14, 2024

April Market Update | 1BR Soar to Record Highs


1BR for Hoboken and downtown Jersey City reached all-time highs as new buyers continue to enter the market.  Hoboken 1BR rose 13.60% to $917.18/sq.ft. while downtown Jersey City 1BR rose 8.87% to $894.36/sq.ft.

Hoboken inventories reached a low 6.17 weeks inventory while downtown Jersey City inventories were more balanced at 17.76 weeks.

Pending sales jumped 25.93% to 136 units for Hoboken and 13.08% to 147 units for downtown Jersey City.

Days on the market also dipped down 21.43% for Hoboken to 22 days and 31.58% to 26 days for downtown Jersey City. 

Properties across the board are moving very quickly.

Kevin G. Dowd
Broker of Record 

5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600 
Your Hudson County, New Jersey Referral Partner

Associate Broker

400 Garden City Plaza, Suite 438
Garden City, New York 11530
Mobile: 201.606.5957 | Office: 516.873.7100
Your Long Island, New York Referral Partner

Each office is independently owned and operated.