How’s the Hudson County Condo Market Looking? Your March Update

As the temperature begins to increase there’s another thing that’s getting hotter, the real estate market in Hudson County. Spring is one of the best times to sell your home, because it’s when home buyers have the highest motivation.

If you’ve been thinking about selling your Hudson County condo, now is an excellent time to get started! A great way to begin your home-selling journey is by doing research on the market. That’s why we’re here to present you with the March 2018 Real Estate Market Report for Hudson County.

Let’s dive in.

Hoboken Real Estate Market Breakdown

Hoboken, NJ Average Condo Sales Value: $825,944 and the average sales value increased nearly 9.12% over March 2017

March 2018 Condominium Sales Data

Average Sales Value: $825,944
Average Price/Sq. Foot: $734.52
Total Closed Condo Sales: 72

As a comparison, the average sales value increased nearly 9.12% over March 2017, and the average price per sq. foot saw a 5.08% increase from March 2017.

In March 2018, the total closed condo sales in Hoboken decreased by 4% from a year ago in March, 2017.

Room for negotiation: There is little room for negotiation in the Hoboken condominium real estate market. In March 2018, the average sales price to list price ratio was 100.15%, around 0.41% higher than a year ago in March 2017.

Downtown Jersey City Real Estate Market Breakdown

Jersey City: Average Sales Value: $793.462 and the average sales value increased 7.33% since March 2017

March 2018 Condominium Sales Data

Average Sales Value: $793,462
Average Price/Sq. Foot: $779.30
Total Closed Condo Sales: 33

As a comparison, the average sales value increased 7.33% since March 2017, and the average price per sq. foot saw a 4.43% increase from a year ago.

In March 2018, the total closed condo sales in Downtown Jersey City decreased by 4.43% from a year ago, in March 2017.

Room for negotiation: Similarly, there is little room for negotiation in the Downtown Jersey City condominium real estate market. In March 2018, the average list price to sales price ratio was 99.85%.

Ready to Sell Your Hudson County Condo?

Spacious living room filled with light.

We’re here to help. Whether you live in Hoboken or Downtown Jersey City, now is an amazing time to list your home.

Although spring is an exceptional time to sell your home, it’s almost always a good time to sell your Hudson County home. That’s because the market is almost always competitive since housing demand is so high.

Why’s that? Because Hoboken and Jersey City are two phenomenal places to call home.

Get Your Market Research Started

Want to receive monthly updates on the current state of the Hudson County real estate market? We’ve got you covered. Feel free to request our Living on the Hudson Sales Report. Every month, we’ll email you a market report with important information about both the Hoboken and Downtown Jersey City markets.

This report will include recent sales, days on the market, and price per square feet information, plus more!

Selling Your Hudson County Condo?

If you’re ready to list, get started by requesting a comparative market analysis. All we need is your address and a little bit of information about your home. We’ll conduct some research and look at recent sales in your area to determine the best listing price for your home.

Whether you’re buying or selling a condo in Hudson County, my team and I have the resources and expertise to assist. We’ll do everything we can to maximize the return on your investment. Give us a call today to get started.