$356 Closing Credit*
$30,000
44 SqFt
Studio
Listing Office: COLDWELL BANKER REALTY
Is Hoboken, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Hoboken has remained a Seller's Market.
Key Takeaway
Hoboken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hoboken, NJ
How much do homes in Hoboken, NJ cost?
Median Sold Price
$890,000
$853/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$32,142(+3.7%)
Key Takeaway
Homes in Hoboken have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Hoboken was $890,000 in December 2024, up 3.7% from last year, and the median price per square foot was $853.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $534.9K | $549.9K | +2.8% |
| 2 Bedrooms | $861.6K | $900K | +4.4% |
| 3 Bedrooms | $1.3M | $1.4M | +2.6% |
| 4 Bedrooms | $2.3M | $2.4M | +5.2% |
| 5+ Bedrooms | $2.4M | $2.6M | +12.3% |
Summary: Hoboken housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Jersey City | $650K | $711.4K | +9.5% |
| Weehawken Township | $880K | $938K | +6.6% |
| Union City | $440K | $465K | +5.7% |
| Weehawken | $880K | $930K | +5.7% |
| Hoboken | $857.8K | $890K | +3.7% |
Housing Supply in Hoboken, NJ
How many homes are available in Hoboken, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 163 | 121 | -25.8% |
Summary: The Hoboken real estate market had 121 homes for sale in December 2024, a 25.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 34 | -32.0% |
| 2 Bedrooms | 60 | 46 | -23.3% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Hoboken housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 32%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 56 | 0.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoboken, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Hoboken in December 2024, the same as the previous month. Of the 48 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Hoboken, NJ
How long does it take to sell a home in Hoboken, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +53.5% |
Summary: Homes in Hoboken had an average of 33 days on market in Dec 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hoboken are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 56 homes were sold in Hoboken; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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