Search Exchange Place, NJ homes for sale including luxury condos, townhomes, and more with Exchange Place expert, Hudson Realty Group.
The median home price in Exchange Place North reached $753K last month, marking a 33.1% drop compared to the previous year. On a per-square-foot basis, the median price came in at $845, reflecting an 11.3% year-over-year decline.
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In July 2025, Exchange Place North experienced a notable market shift, with home prices down 33.1% year-over-year, bringing the median sales price to $753K. This sharp price correction suggests increased buyer leverage, especially compared to the highly competitive environment of the previous year.
Homes are also taking longer to move, averaging 109 days on the market compared to just 25 days in July 2024—an indicator of cooling demand and more cautious purchasing behavior. Interestingly, despite softer pricing and longer timelines, sales volume edged up slightly, with 8 homes sold versus 6 last year.
This rise in closed transactions points to steady underlying interest in the neighborhood, even as buyers negotiate harder and sellers adjust expectations. For prospective buyers, this environment offers an opportunity to enter Exchange Place North at more accessible price points, while sellers must remain flexible and strategic in pricing to attract serious offers.
In August 2025, homes in Exchange Place North sold for an average of 1.69% below asking price, signaling a subtle but meaningful shift in negotiating power toward buyers. While the discount is not dramatic, it contrasts with the competitive bidding and above-asking sales that characterized the market in prior years.
This suggests that sellers are becoming more flexible in order to secure deals, particularly as properties spend more time on the market. For buyers, it reflects an opportunity to negotiate favorable terms or concessions, while for sellers, it underscores the importance of accurate pricing and strong presentation to attract serious offers in a cooling environment.
Exchange Place North was a seller’s market in August 2025, meaning buyer demand outpaced the number of available homes. Limited inventory continues to create competition among buyers, keeping upward pressure on pricing even as some indicators show signs of cooling. In practical terms, this dynamic gives sellers the advantage—they are more likely to receive multiple offers and can remain selective about terms. For buyers, however, it emphasizes the need to act quickly, come prepared with strong financing, and be strategic in negotiations to stand out in a competitive environment.
Contact us today for expert local advice, private tours, and guidance tailored to your goals. Whether you're navigating your first home purchase or upgrading to your ideal Exchange Place property, we’ll help you move with confidence in one of New Jersey’s most competitive markets.
Exchange Place sits directly on the Jersey City waterfront, with many homes and townhouses offering sweeping views of Lower Manhattan and the Statue of Liberty. Properties with unobstructed river views carry a significant premium, but buyers should also weigh factors like glare, wind exposure, and long-term maintenance costs associated with waterfront environments.
One of Exchange Place’s defining features is its unmatched access to Manhattan. The PATH station provides direct service to the World Trade Center in minutes, and NY Waterway ferries offer a scenic alternative commute. Homes near these hubs command higher demand, but buyers must balance convenience with the bustle and noise of heavy commuter traffic.
Because Exchange Place is right on the Hudson, it falls within FEMA-designated flood zones. Buyers should budget for flood insurance, review a building or home’s resiliency measures (elevated systems, floodgates, sump pumps), and evaluate how past storms like Hurricane Sandy and Ida impacted the area. Waterfront desirability comes with added risk management.
Unlike other parts of Jersey City, Exchange Place offers a mix of architectural options: restored brownstones tucked on quieter streets and sleek high-rise homes near the water. Buyers should decide whether they prefer the charm and individuality of historic homes—with their preservation rules and maintenance—or the turnkey convenience and amenities of modern developments.
Living in Exchange Place means being at the center of Jersey City’s growing cultural and dining scene. The waterfront promenade, Liberty State Park nearby, fine dining along the Hudson, and festivals at Exchange Place Plaza add vibrancy. Buyers should consider how these amenities enhance long-term livability but also bring seasonal crowds and higher demand for parking.
Exchange Place remains one of Jersey City’s most in-demand neighborhoods, with limited single-family home inventory compared to its condo and rental market. Homes for sale often receive multiple offers, and market shifts can be sharp. Buyers should be prepared with pre-approvals and flexible negotiation strategies, while sellers benefit from competitive pricing power.
Whether you have questions about the market, want more details on available listings, or are ready to schedule a private showing, our team is here to guide you every step of the way. Exchange Place offers a unique blend of waterfront living, unbeatable access to Manhattan, and a vibrant community—let us help you secure the perfect property that matches your lifestyle and goals.
Discover what makes Exchange Place one of Jersey City’s most desirable neighborhoods. Browse our Exchange Place neighborhood guide to explore local amenities, housing options, commuting perks, and insider insights that will help you decide if this vibrant waterfront community is right for you.
With an insider’s view of the market, we know where to find properties that match your wish list and lifestyle. When it’s time to sell, Hudson Realty Group’s comprehensive marketing and organizational expertise help price your property for maximum financial return.
