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Hamilton Park Housing Market Overview
In May 2025, Hamilton Park’s housing market saw a dramatic surge in home prices, with the median sale price skyrocketing 120.5% year-over-year to $1.4M. This sharp increase suggests a significant shift toward higher-end or luxury property sales dominating the market. Homes are also selling faster, averaging 20 days on the market compared to 28 days last year, reflecting strong buyer demand for premium listings. However, sales volume dropped by half, with only 7 homes sold this May versus 14 last year, likely due to limited inventory or fewer transactions in the luxury segment. Overall, the market remains highly competitive, with buyers acting quickly despite fewer available properties.
Hamilton Park is somewhat competitive, with homes typically going pending in about 74 days. While the overall pace is slower, some properties—particularly those priced well or in desirable locations—still attract multiple offers. On average, homes sell for around 3% below list price, giving buyers more negotiating power. However, hot homes can sell for about 1% above asking and go under contract in as little as 28 days, indicating that well-presented, move-in-ready properties continue to generate strong interest despite the longer average market time.
In June 2025, Hamilton Park is experiencing a balanced market, where the supply of homes roughly matches the demand from buyers. This equilibrium allows both buyers and sellers to have a fair negotiating position, with neither side having a distinct advantage. As a result, the market is stable, and home prices and sales conditions are more predictable.
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Much of Hamilton Park falls within a designated historic district. Any exterior alterations—including windows, doors, façades, or even paint colors—require approval from the Jersey City Historic Preservation Commission. Buyers must be prepared for longer timelines and additional costs if they intend to renovate, especially for brownstones or rowhouses with protected architectural details
The neighborhood revolves around Hamilton Park itself, a five-acre green space renovated in 2010 with playgrounds, dog runs, sports courts, and a gazebo for community events. Living near the park adds both charm and premium pricing, but buyers should also factor in the lively atmosphere and periodic events that bring increased foot traffic.
Hamilton Park is primarily residential, with narrow streets and limited off-street parking. The area falls under Jersey City’s residential permit program, where a permit is required to park for more than two hours. Buyers should confirm property-specific parking options (garages, driveways) and weigh the convenience against relying on permits and street availability
Two highly regarded public schools serve the Hamilton Park neighborhood: Dr. Michael Conti School (PS 5) and Rafael de J. Cordero School (PS 37). Both provide Pre-K through Grade 8 and are well-regarded by local families. Exact zoning depends on the property’s address, so buyers with children should verify which school they fall into.
Though slightly inland from the waterfront, Hamilton Park is part of downtown Jersey City, which remains vulnerable to stormwater flooding, as seen during Hurricane Ida in 2021. Buyers should review FEMA flood maps and insurance requirements, as well as building-specific resiliency measures such as sump pumps, floodproofing, or raised utilities
Some condo developments around Hamilton Park—such as Hamilton Square—were built under redevelopment plans and may carry tax abatements or PILOT (Payment in Lieu of Taxes) agreements. While these reduce carrying costs in the short term, buyers should understand the expiration timelines, since taxes can rise sharply once abatements end
If you have any questions about the Hamilton Park housing market or are ready to explore available properties, our team is here to help. With extensive knowledge of the area and a commitment to providing personalized guidance, we’ll make the home-buying process seamless for you. Reach out today to start your journey toward finding the perfect property in this vibrant neighborhood!
Get to know everything Hamilton Park, NJ, has to offer with our detailed neighborhood guide. From local amenities and schools to parks and dining options, our guide will give you an insider’s look at why this area is such a desirable place to live. Start browsing today and uncover all the unique features that make Hamilton Park a fantastic community!
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.
