Hoboken, NJ Real Estate

In August 2024, Hoboken home prices saw a significant rise, up 9.3% from the previous year, with a median sale price of $885K. On average, homes for sale in Hoboken sold after just 26 days on the market, compared to 33 days last year, indicating quicker sales in a competitive market. However, the number of homes sold in August dropped to 46, down from 69 the previous year. The median sale price per square foot in Hoboken also increased to $860, a 4.2% rise year-over-year, reflecting continued demand for property in the area.

The Hoboken housing market remains highly competitive, with homes for sale in Hoboken typically selling within 19 days. Many properties receive multiple offers, some with waived contingencies, reflecting the intense demand. On average, homes sell for about 1% above the list price and go pending in just 19 days. In especially hot cases, Hoboken homes for sale can sell for up to 4% above asking price and go pending in as little as 11 days, underscoring the fast-paced nature of the market.

Nationally, 3% of homebuyers searched for homes for sale in Hoboken from outside metro areas, indicating its growing appeal. Among these, homebuyers from Sheboygan showed the most interest in moving to Hoboken, followed by those from Pittsburgh and Visalia. This highlights Hoboken's increasing popularity across diverse regions, attracting buyers from both smaller cities and larger metros.