HudsonCondos.com
Hoboken, NJ 07030
Condos/Townhomes
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Hoboken, NJ 07030
Wed Oct 09 2024
This week the median list price for Hoboken, NJ 07030 is $995,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $995,000 | |
| Median Price of New Listings | $937,000 | |
| Per Square Foot | $838 | |
| Average Days on Market | 85 | |
| Median Days on Market | 98 | |
| Price Decreased | 16% | |
| Price Increased | 0% | |
| Relisted | 42% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,950,000 | 2,515 | - | 3 | 2.8 | 4 | 0 | 0 | 94 |
| $1,199,000 | 1,392 | 0 - 4,500 sqft | 2 | 2 | 23 | 0 | 0 | 140 |
| $925,000 | 1,170 | 1 - 2.5 acres | 2 | 2 | 123 | 2 | 0 | 35 |
| $699,000 | 900 | 0 - 4,500 sqft | 1 | 1 | 123 | 0 | 3 | 84 |