Q4 2020 Hudson County Market Update

Q4 2020 MARKET UPDATE HUDSON COUNTY 03 04 05 06 07 08 09 what’s inside triplemint.com i Q4 2020 i Hudson County i 2 Q4 2020 market update OVERVIEW Marketwide Sales Marketwide Comparison Quarterly Marketwide Comparison JERSEY CITY Neighborhood Comparison Quarterly JERSEY CITY NEIGHBORHOOD Comparison Methodology Median Sales Price 41 $540,000 Q4 2020 market update AVERAGE DAYS ON MARKET AVERAGE SALES PRICE Number of New Listings $605,483 Overview $569,000 1,254 triplemint.com i Q4 2020 i Hudson County i 3 2,347 MARKET AT A GLANCE Q4 2020 The Hudson County real estate market showed continued demand in Q4 with notable year over year increases in average and median sales prices and a steep decline in number of days on market countywide. Quarter over quarter sales remain up while pricing held steady and days on market decreased slightly. MEDIAN LISTED PRICE SALES Year over Year Q3 2020 Q3 2020 triplemint.com i Q4 2020 i Hudson County i 4 1,112 Q4 2019 median listed price Year over Year Q3 2020 Quarter over Quarter 53 $579,450 Q3 2020 Year over Year Q3 2020 Q4 2020 Q4 2019 Q4 2019 Q3 2020 $613,442 Year over Year Q4 2020 Quarter over Quarter $572,854 Year over Year Q4 2020 Q4 2020 Q4 2020 1,254 Quarter over Quarter median SALES price Q4 2019 $616,000 Q4 2020 Q4 2019 Quarter over Quarter $495,000 Q4 2019 2,347 MARKETWIDE SALES average SALES price $540,000 Quarter over Quarter 1,690 3,354 Quarter over Quarter 43 TOTAL SALES average days on market Year over Year 41 number of new listings 1,113 $605,483 $540,000 $569,000 City NUMBER OF sales Median sales price Average Days on Market 1. Bayonne 122 $422,500 36 2. East Newark 4 $435,000 16 3. Guttenberg 29 $300,000 60 4. Harrison 15 $525,000 65 5. Hoboken 253 $710,000 35 6. Jersey City 511 $565,000 40 7. Kearny 18 $375,000 19 8. North Bergen 89 $429,000 50 9. Secaucus 40 $512,450 36 10. Union City 82 $420,000 41 11. Weehawken 40 $793,500 35 12. West New York 67 $530,000 70 8 Q4 2020 market update 5 11 2 12 9 triplemint.com i Q4 2020 i Hudson County i 5 10 3 7 MARKETWIDE Comparison 4 6 1 $433,350 $432,500 $696,000 $825,000 $300,000 North Bergen Union City $1M $800K $600K $400K $200K $0 $399,000 $422,500 $407,500 $485,000 Jersey City $834,500 Weehawken $347,900 $525,000 HOBOKEN $512,450 East Newark $699,500 $402,500 Q4 2020 $565,000 $741,000 Guttenberg $522,500 $375,000 $429,000 Kearny $375,000 $530,000 $565,000 Median sales price $387,000 $420,000 $367,500 $335,000 $435,000 triplemint.com i Q4 2020 i Hudson County i 6 $793,500 Harrison $710,000 $380,000 $547,500 Q3 2020 Secaucus Q4 2019 $374,950 West New York $380,000 QUARTERLY MARKETWIDE Comparison $472,500 Q4 2020 market update $388,750 BAYONNE triplemint.com i Q4 2020 i Hudson County i 7 Jersey CITY NEIGHBORHOOD NUMBER OF sales Median sales price Average Days on Market Jersey City 511 $565,000 40 Bergen - Lafayette 16 $533,750 27 Downtown 165 $750,000 38 Greenville 72 $416,500 53 The Heights 120 $622,500 36 Journal Square 79 $460,000 39 West Bergen 59 $390,000 43 JERSEY CITY Neighborhood Comparison Q4 2020 market update $400,000 $547,500 Q4 2020 market update $415,000 $587,500 Q4 2020 $416,500 $565,000 $533,750 $500,000 $420,000 Q3 2020 $629,500 triplemint.com i Q4 2020 i Hudson County i 8 $750,000 Journal Square Median sales price $419,000 $565,000 $522,500 Greenville $622,500 JERSEY CITY $370,000 The Heights $370,000 West Bergen $460,000 $749,000 Downtown $390,000 Bergen-Lafayette $772,000 Q4 2019 $800K $700K $600K $500K $400K $300K $200K $100K $0 QUARTERLY JERSEY CITY Neighborhood Comparison Q4 2020 market update Average Days on Market: Average days on market represents the sum of days that a list of homes during a specified time period were on the market prior to going into contract. This sum is then divided by the number of homes in the data set. Average Sales Price: Average sales price represents the sum of all prices for sold homes during a specified time period, divided by the number of homes in the data set. Median Listed Price: The middle price point when the prices of all inventory are ordered from least to most expensive. Median Sales Price: Median sales price represents the middle price point in a data set when a list of sold homes for a specified time period is ordered from the lowest price point to the highest price point. Number of New Listings: Number of new listings is the number of homes listed during a specified time period. 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. 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 Q4 2020 i Hudson County i 9 METHODOLOGY THE NEW STANDARD OF REAL ESTATE triplemint.com hello@triplemint.com 551.235.9033 331 Washington Street HOBOKEN, NJ 07030 Copyright ©2021 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.