Q3 2020 Hudson County Market Update

Q3 2020 MARKET UPDATE HUDSON COUNTY what’s inside Q3 2020 market update 03 04 06 07 08 09 10 OVERVIEW Marketwide Sales Marketwide Comparison Quarterly Marketwide Comparison JERSEY CITY Neighborhood Comparison Quarterly JERSEY CITY NEIGHBORHOOD Comparison Methodology triplemint.com i Q3 2020 i Hudson County i 2 MARKET AT A GLANCE Q3 2020 triplemint.com i Q3 2020 i Hudson County i 3 $613,442 MEDIAN LISTED PRICE AVERAGE SALES PRICE SALES Overview 43 1,112 AVERAGE DAYS ON MARKET $616,000 Number of New Listings $540,000 Hudson County data reflects continued market strength with notable year over year price increases and a 61% jump in sales since Q2. An influx of new listings hit the market in Q3 while days on market has decreased since Q2. Read on for details about prices, sales, and days on market for each city within Hudson County. 3,354 Q3 2020 market update Median Sales Price Q3 2020 market update MARKETWIDE SALES triplemint.com i Q3 2020 i Hudson County i 4 Q3 2020 VS Q3 2019 Q3 2019 Q3 2020 % Change SALES 1,338 1,112 -17% Median Listed Price $549,000 $616,000 12% Median Sales Price $511,500 $540,000 6% $535,000 $540,000 1% AVERAGE Sales Price $585,834 $613,442 5% $607,188 $613,442 1% Average days on market 43 43 0% 45 43 -4% Number of New Listings 2,262 3,354 48% 1,918 3,354 75% Q3 2020 VS Q2 2020 Q2 2020 Q3 2020 % Change 689 1,112 61% $599,000 $616,000 3% 1,338 Q3 2019 +1% Quarter Over Quarter Change 1,918 Q2 2020 +1% Quarter Over Quarter Change Average Sales Price MARKETWIDE SALES $540,000 Q3 2020 $535,000 Q2 2020 Median Listed Price +75% Quarter Over Quarter Change +48% Year Over Year Change <1% Year Over Year Change $511,500 Q3 2019 $613,442 Q3 2020 Median Sales Price $585,834 Q3 2019 $599,000 Q2 2020 +5% Year Over Year Change $616,000 Q3 2020 Q3 2020 market update number of new listings 689 Q2 2020 +6% Year Over Year Change 45 Q2 2020 2,262 Q3 2019 1,112 Q3 2020 Average days on market 43 Q3 2020 TOTAL SALES 3,354 Q3 2020 +3% Quarter Over Quarter Change $607,188 Q2 2020 43 Q3 2019 -17% Year Over Year Change +61% Quarter Over Quarter Change -4% Quarter Over Quarter Change +12% Year Over Year Change triplemint.com i Q3 2020 i Hudson County i 5 $549,000 Q3 2019 12 3 Q3 2020 market update triplemint.com i Q3 2020 i Hudson County i 6 11 5 6 10 9 MARKETWIDE Comparison City Median sales price Number of sales Average Days on Market 1. Bayonne $432,500 98 40 2. East Newark n/a n/a n/a 3. Guttenberg $367,500 38 83 4. Harrison n/a n/a n/a 5. Hoboken $741,000 224 31 6. Jersey City $565,000 443 42 7. Kearny $387,000 6 64 8. North Bergen $407,500 70 46 9. Secaucus $472,500 54 44 10. Union City $374,950 74 41 11. Weehawken $834,500 38 69 12. West New York $485,000 67 51 1 7 4 8 2 N/A $425,000 $367,500 BAYONNE $380,000 $390,000 N/A HOBOKEN Q3 2020 market update $450,000 $465,000 $565,000 $366,000 $380,000 QUARTERLY MARKETWIDE Comparison $766,500 $749,000 $578,000 Q3 2020 $316,250 Harrison $432,500 $750,000 $760,000 Q2 2020 $415,000 triplemint.com i Q3 2020 i Hudson County i 7 Guttenberg West New York N/A $345,000 $834,500 Jersey City $1M $800K $600K $400K $200K $0 East Newark $320,000 $407,500 $359,900 Union City Secaucus Kearny Q3 2019 $472,500 $485,000 $387,000 $423,750 Weehawken N/A $374,950 $514,375 $330,000 $337,000 $379,799 North Bergen $741,000 Median sales price triplemint.com i Q3 2020 i Hudson County i 8 JERSEY CITY Neighborhood Comparison Q3 2020 market update Jersey CITY NEIGHBORHOOD Median sales price Number of sales Average Days on Market Jersey City $565,000 443 42 Bergen - Lafayette $547,500 26 28 Downtown $749,000 145 37 Greenville $419,000 65 61 The Heights $587,500 106 44 Journal Square $500,000 67 43 West Bergen $420,000 34 34 $701,000 Q3 2020 $375,000 $375,000 Q3 2020 market update Q2 2020 QUARTERLY JERSEY CITY Neighborhood Comparison $514,375 Q3 2019 $420,000 $510,000 $402,500 triplemint.com i Q3 2020 i Hudson County i 9 The Heights Median sales price $547,500 $534,500 $587,500 Downtown $366,000 Greenville $800K $700K $600K $500K $400K $300K $200K $100K $0 $612,500 $578,000 $397,750 Journal Square JERSEY CITY $565,000 $749,000 West Bergen Bergen-Lafayette $385,000 $555,000 $419,000 $500,000 $720,000 METHODOLOGY Average Price per Square Foot: The average price divided by the average square footage. Median Listed Price: The middle price point when the prices of all inventory are ordered from least to most expensive. Quarters: Four three month periods that take place from January - December: Q1: January - March Q2: April - June Q3: July - September Q4: October - December Sales: Homes that sold during the quarter referenced in the report. Total Inventory: All of the listings active during the quarter referenced in the report. Sources: Figures in this report are based on publicly reported data from the New Jersey Multiple Listing Service as well as proprietary data. triplemint.com i Q3 2020 i Hudson County i 10 Q3 2020 market update Copyright ©2020 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. THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 201.228.0609 50 HARRISON STREET, SUITE 114 HOBOKEN, NJ 07030