Paulus Hook, NJ Real Estate

In May 2025, Paulus Hook’s housing market experienced significant growth, with the median home price soaring 54.0% year-over-year to $1.2M, reflecting strong demand and increased activity in the luxury segment. Homes are selling much faster than last year, averaging just 19 days on the market compared to 31 days in May 2024, highlighting heightened buyer urgency. Sales volume remained steady, with 18 homes sold this May, the same as last year, suggesting that limited inventory may be keeping transaction numbers consistent despite higher prices. Overall, the sharp price increase and quicker sales pace indicate a highly competitive market.

Paulus Hook is somewhat competitive, with homes typically going pending in about 65 days. While not all properties attract aggressive bidding, some do receive multiple offers, particularly if priced well or located in highly desirable areas. On average, homes sell for around 2% below list price, giving buyers room to negotiate. However, hot homes—especially those in prime locations or with updated features—can sell for about 1% above asking and go under contract in as little as 29 days, showing that demand remains strong for well-positioned listings.

As of June 2025, Paulus Hook is a buyer’s market, meaning the supply of homes exceeds current buyer demand. This gives buyers more negotiating power, with greater opportunities for price reductions, seller concessions, and flexible terms. Homes are spending more time on the market on average, allowing buyers to take a more deliberate approach when choosing a property. Sellers, however, may need to adjust pricing strategies and enhance property presentation to attract serious offers in this supply-heavy environment.