Hoboken Summer Real Estate Update: What Buyers & Sellers Need to Know
Summer 2025 is in full swing, and Hoboken's real estate market is as hot as the July sun. Whether you're looking to buy, sell, or simply stay informed, here's your go-to guide for navigating the Mile Square City's housing scene this season.
Seller’s Market Continues
Hoboken remains a strong seller’s market. Inventory is tight, and demand is high, especially for condos and single-family homes. In June 2025, the median home sale price was $892,000, up 2.2% from the previous year . Homes are selling quickly—79% of properties sold in June were on the market for 30 days or less .
Inventory Still Low
While more listings are coming online, inventory is still below pre-pandemic levels. In June, there were 194 active listings in Hoboken, a 7.6% decrease from May . This means less competition for sellers but fewer options for buyers.
Price Trends by Home Type
1-Bedroom Condos: Median sale price of $566,000, up 1.1% year-over-year.
2-Bedroom Condos: Median sale price of $905,000, up 0.6%.
3-Bedroom Homes: Median sale price of $1.4 million, down 3.7%.
5+ Bedroom Homes: Median sale price of $2.7 million, up 2.6% .
Fast-Paced Market
Homes are moving fast. In June, 44% of homes sold above the asking price, and the average sale-to-list ratio was 101.3% . Buyers, be prepared to act quickly and possibly make competitive offers.
Tips for Buyers
Get Pre-Approved: With competition high, having a mortgage pre-approval can make your offer stand out.
Be Ready to Move Fast: Homes are selling quickly, so be prepared to make swift decisions.
Know Your Budget: With rising prices, it's essential to have a clear budget and stick to it.
Tips for Sellers
Price Strategically: While it's a seller's market, overpricing can deter potential buyers.
Stage Your Home: A well-staged home can attract more buyers and potentially higher offers.
Market Effectively: Utilize professional photography and online listings to reach a broader audience.
Why Hoboken?
Hoboken offers a unique blend of urban convenience and small-town charm. With its proximity to Manhattan, vibrant community, and scenic waterfront, it's no wonder the housing market remains strong .
Whether you're looking to buy or sell, Hoboken's real estate market offers opportunities for both. Stay informed, be prepared, and make the most of what this dynamic market has to offer.
For a more in-depth analysis, check out this video breakdown of the Hudson County real estate market:
