Hoboken, NJ 07030 Real Estate Market Report

ZIP Code: 07030
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Hoboken, NJ is characterized by a median sold price of $2,500,000, reflecting a market that has seen price declines year-over-year. This downward trend suggests a shift towards a more balanced market, with the price trajectory indicating a down trend. The median days on market stands at 300, which points to slower sales velocity and a potential liquidity challenge, as properties are taking longer to sell.

Despite these challenges in the sales market, the rental sector remains robust, with a median market rent of $3,860 indicating rising demand for rental properties. This divergence between the sales and rental markets may be influenced by local economic factors and the ongoing appeal of Hoboken as a desirable living location. Elevated interest rate pressure, with current mortgage rates averaging 6.63%, further complicates the sales landscape, contributing to a neutral market temperature overall.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Hoboken, NJ are averaging 6.63%, which is 0.88% higher than the 2026 average of 5.75%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $2,500,000 indicates a market that has experienced price declines, suggesting downward pressure on home values.

2. With a median days on market of 300, properties are experiencing slower sales velocity, which may indicate weak liquidity in the market.

3. The median market rent of $3,860 reflects a strong rental demand, contrasting with the declining sales prices and suggesting a growing rental market.

4. Current interest rates averaging 6.63% may contribute to elevated interest rate pressure, impacting buyer affordability and market activity.

5. The overall market temperature is classified as neutral, indicating a balanced market despite the contrasting trends in sales and rental performance.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.