Hoboken, NJ Homes For Sale & Real Estate

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Hoboken, NJ Real Estate Insights

Hoboken, New Jersey sits just across the Hudson River from New York City, providing residents with spectacular views of arguably one of the greatest skylines in the world - and the largest city in the nation. A part from the scenery, the small city's place on the River front offers public kayaking at the Hoboken Cove Boathouse. Meanwhile, Washington Avenue, the main stretch, is filled with boutique shops and top-notch eateries. Trulia ranks Hoboken's nightlife and restaurant life both 5 out of 5, which shouldn't be much of a surprise to anyone who has visited the hip, brownstone-filled town. In fact, with just over 50,000 residents and 120 drinking spots in one square mile, the city has more bars per capita than many other major metros - Manhattan included.
A prime spot on the Hudson River combined with a median income of $110,352 per year are just two of the many factors keeping Hoboken real estate in high demand. The average list price last year was $926,935, an 18.05 percent hike from 2014, when the price was $785,232. However, inventory increased year-over-year in 2015, allowing Hoboken house hunters a wider range of options while keeping prices from rising even more. The number of listings rose 22.68 percent, from 194 to 238 homes on the market.