The Hoboken real estate market remained strong in May, with an 18% increase in sales compared with April and a 7% decrease in sales compared with May of 2021. Homes spent an average of 21 days on the market in May, a 35% month over month decrease and a 46% year over year decrease. The median listed price was up just 2% compared to April, while the median sales price soared from $729K to $800K, a 10% month over month increase and a 19% year over year increase.
Source: Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data. Copyright 2022 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description.