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Hoboken, NJ 07030
Condos/Townhomes
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Hoboken, NJ 07030
Wed Dec 18 2024
This week the median list price for Hoboken, NJ 07030 is $936,950 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 68.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $936,950 | |
| Median Price of New Listings | $717,500 | |
| Per Square Foot | $878 | |
| Average Days on Market | 64 | |
| Median Days on Market | 46 | |
| Price Decreased | 22% | |
| Price Increased | 1% | |
| Relisted | 22% | |
| Inventory | 68 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,395,000 | 2,175 | - | 4 | 3 | 24 | 2 | 1 | 70 |
| $1,150,000 | 1,309 | 0 - 4,500 sqft | 2 | 2 | 124 | 2 | 3 | 77 |
| $725,000 | 905 | 0 - 4,500 sqft | 2 | 1 | 20 | 4 | 4 | 21 |
| $499,900 | 581 | 0 - 4,500 sqft | 1 | 1 | 124 | 4 | 5 | 42 |