What Should I Sell My Hoboken Home For in Today’s Market?

How should I price my Hoboken, NJ home in today’s market?

Right now, homes in Hoboken are selling at a near-list price level. With strong demand, limited inventory, and rising values, a well-priced home could realistically go for around the current median sold price—assuming it's in good condition and properly marketed.

1. Understanding the Current Hoboken Market

Market Snapshot

• On Realtor.com, the median listing price in Hoboken is around $899,900 and the median sold price is about $967,500. Realtor

• Redfin reports the median sale price at $900,000, a +9.8% increase year-over-year, with homes spending about 37 days on market. Redfin

• According to Rocket, Hoboken remains a seller’s market, and as of June 2025, the median sold price was $892,000, up 2.2% from the previous year. rocket.com

These numbers suggest strong buyer demand and upward momentum in pricing.

2. What Drives Value in Hoboken

• Supply and Demand Pressure

• Hoboken is small in size and has limited inventory. 

• This tight supply, combined with high buyer demand, keeps competition fierce.

• Neighborhood Differences

• In Southwest Hoboken, the median sale price is $858,500, up 4.1% YoY, while homes take around 43 days to sell.

• Different parts of Hoboken will carry different premiums — brownstones or waterfront properties, for instance, can fetch a higher price per square foot.

• Property Type & Size

• 1-bedroom units: Rocket data shows a median of $566,000 (June 2025) for 1-bed homes.

• Larger homes or luxury units (multi-bedroom, waterfront, high ceilings) will command more, often significantly above median values.

• Sales Speed & Competition

• Strong markets often mean multiple offers. According to Rocket, in June 2025, 44% of homes sold over asking price. 

• Sale-to-list ratio is very favorable in current Hoboken market.

3. What These Data Mean for Your List Price

Putting it all together:

4. Strategic Adjustments Based on Your Home’s Traits

Here are ways to fine-tune your price depending on the specifics of your property:

• If your home is well-maintained, updated, or has desirable features (e.g., outdoor space, parking, historic character): Consider pricing at or slightly above the $900K+ median, especially if buyer demand is strong.

• If your home needs work (outdated systems, cosmetic issues): Price more competitively to account for buyer renovation costs and reduce time on market.

• If you have a unique or very high-end product (luxury brownstone, high-floor condo, etc.): Use comparable premium sales in your neighborhood to justify higher pricing.

• If your home is small (1BR or studio): Be cautious — these may not always move at the same premium as larger properties unless in a highly desirable building or location.

7. Recommended Next Steps for Sellers

1. Get a Professional Valuation: Engage Brian Murray / The Murray Property Group for a CMA (comparative market analysis) based on recent Hoboken sales.

2. Prepare Your Home: Address small repairs, declutter, and consider staging to maximize your appeal.

3. Set a Pricing Strategy: Decide whether to price aggressively (to generate bidding) or conservatively (to ensure a smooth sale), informed by Brian’s insight.

4. Monitor Buyer Activity: After listing, watch how many buyers visit, how many offers come in, and how quickly those offers arise — adjust if needed.

5. Be Ready to Negotiate: Decide ahead of time your bottom line, but be open to negotiation if more than one buyer is interested.

Final Thoughts

As of 2025, Hoboken’s real estate market remains a seller’s market, with limited inventory and strong demand pushing prices near or slightly above the $900K range for many homes. To answer your question: a reasonable list price for your Hoboken home is likely around or just over the $900,000 mark, depending on the specifics of your property.

But your best bet? Working closely with someone like Brian Murray and The Murray Property Group. They bring the local market savvy and negotiation skill to price your home just right — maximizing your return while keeping your home competitive.