Explore New Jersey

A standout Hoboken condominium offering sunset views, private outdoor space, and turnkey living captured immediate attention, going under contract in less than a week after hitting the market. Located at 84 Jefferson Street, Unit 6B proved that well-positioned, thoughtfully designed homes continue to command strong demand in Hoboken’s competitive real estate landscape.

Set atop a six-story elevator building, the two-bedroom residence spans approximately 1,457 square feet and is complemented by a private terrace just off the main living area. The west-facing exposure delivers dramatic evening light and unobstructed sunset views, a feature that remains highly sought after in urban Hudson County living.

Inside, the layout balances openness with clearly defined living zones. Hardwood flooring runs throughout the home, anchoring a spacious living and dining area designed for both relaxation and entertaining. Custom built-in shelving surrounds a gas fireplace, adding warmth and architectural interest while maximizing storage. Large sliding glass doors connect the interior to the terrace, extending the living space outdoors and creating an inviting setting for evening gatherings or quiet downtime.

The kitchen is arranged in a semi-open alcove that allows for separation without closing off the space. Granite countertops continue into a practical breakfast bar, offering casual seating and additional prep space. Clean-lined cabinetry, a tiled backsplash, and a full suite of stainless steel appliances—including a gas range—round out a kitchen that is as functional as it is polished.

Both bedrooms are generously proportioned and filled with natural light from oversized windows. The flexible layouts allow for home office setups or seating areas, a valuable feature for today’s buyers. Storage is another strong point, with built-in closets in one bedroom and a walk-in closet paired with a separate storage room in the other, ensuring ample space for everyday living without compromise.

The home includes two full bathrooms, each outfitted with contemporary vanities, stylish tilework, and tub-shower combinations. The dual-bath setup enhances convenience for residents and guests alike, adding to the home’s overall livability.

Beyond the unit itself, the building offers covered on-site parking and shared outdoor areas, further elevating its appeal. The location places residents within easy reach of Hoboken’s vibrant dining scene, neighborhood parks, and everyday essentials. Nearby transit options provide seamless connections to Jersey City and New York City, reinforcing the property’s desirability for commuters and urban professionals.

Listed at $1,199,000, Unit 6B attracted multiple offers shortly after debuting on the market, underscoring the continued strength of Hoboken’s top-tier condo segment. Properties that combine outdoor space, parking, and move-in-ready condition remain especially competitive, a trend consistently reflected across New Jersey’s evolving housing market.

For buyers and sellers tracking similar opportunities, stories like this one highlight the importance of timing, presentation, and location. Coverage of market activity like this is part of Explore New Jersey’s broader focus on the state’s dynamic housing scene, which can be explored further through its dedicated real estate section.

As inventory remains selective and buyer interest stays high, residences that offer light, space, and lifestyle-driven amenities are poised to continue moving quickly—especially in walkable, transit-rich communities like Hoboken.

As 2025 winds down, New Jersey’s real estate market is entering what many industry observers describe as a seasonal reset. The frenetic pace that defined much of the post-pandemic era has eased, yet prices remain elevated and demand continues to outstrip supply in many parts of the state. Rather than a correction, the market is showing signs of recalibration, with buyers and sellers adjusting expectations as winter approaches.

Statewide, pricing has proven remarkably resilient. Median home values climbed to roughly $565,800 in November, representing solid year-over-year growth even as sales activity cooled. In some of the state’s most competitive counties, particularly Bergen, prices remain substantially higher, with median figures well above $800,000. These numbers reflect a market that is no longer accelerating at breakneck speed, but one that still benefits from limited long-term supply and sustained interest from well-capitalized buyers.

Inventory conditions are gradually improving. Active listings are up by more than ten percent compared with last year, offering buyers more options than they have seen since before 2020. Homes are also staying on the market longer, with average days on market pushing into the mid-to-high 40s. While properties in prime locations still move quickly, this extra time has opened the door to more measured decision-making and, in some cases, renewed negotiation.

That shift is visible in pricing dynamics. Although a significant share of homes continues to sell above asking price, that percentage has declined notably from recent highs. Price reductions are becoming more common as sellers adjust to seasonal realities and buyers grow less willing to waive contingencies or escalate bids aggressively. The result is a market that feels more balanced, even if affordability remains a challenge for many households.

Development activity across New Jersey underscores confidence in the state’s long-term growth. Major film and television studio projects have broken ground in Bayonne and Newark, adding new commercial anchors and signaling continued investment in mixed-use and creative economy infrastructure. Luxury residential construction is also moving forward, from high-end townhome communities in Bergen County to dense, transit-oriented high-rises in Jersey City. At the same time, Asbury Park has attracted new capital aimed at preserving and upgrading affordable housing stock, highlighting the range of activity occurring simultaneously across the market.

Housing policy remains front and center. Recent court decisions have reinforced the state’s affordable housing framework, requiring municipalities to move forward with plans to meet their obligations. Lawmakers are also exploring new funding mechanisms to address homelessness at the local level, tying modest fees to construction and municipal processes. These efforts reflect growing recognition that housing affordability is no longer a regional issue, but a statewide concern touching urban, suburban, and shore communities alike.

The rental market, meanwhile, continues to test the limits of affordability. In cities like Jersey City, rents have surged dramatically, driven by low vacancy rates and sustained demand from renters priced out of homeownership. This pressure has intensified conversations around supply, zoning, and long-term planning as New Jersey looks to retain workers and families across income levels.

Regionally, contrasts remain striking. North Jersey continues to set records, including landmark luxury sales that underscore the area’s appeal to high-net-worth buyers. South Jersey has emerged as one of the state’s faster-growing price markets, with cities like Trenton posting double-digit gains. Along the Jersey Shore, once-seasonal towns are increasingly functioning as year-round communities, pushing values higher in places such as Margate, Ventnor, and Asbury Park.

Looking ahead to 2026, North Jersey appears particularly well-positioned to maintain momentum. Its proximity to New York City remains a defining advantage, especially as hybrid work models continue to shape housing decisions. Reliable transit options, established downtowns, and highly regarded school districts give towns like Ridgewood enduring appeal that goes beyond short-term market cycles. Rather than speculation, demand in these areas is increasingly rooted in lifestyle stability and long-term planning.

While the broader Northeast housing market is cooling into a more sustainable rhythm, New Jersey’s fundamentals remain strong. Geography, infrastructure, and sustained investment continue to support values, even as buyers gain slightly more breathing room. For ongoing coverage of market trends, development news, and housing policy across the Garden State, visit Explore New Jersey’s real estate section.