The Jersey City real estate market just keeps flexing its muscles. The latest weekly sales report shows a standout performance in the luxury segment.
Between September 29 and October 5, residential transactions surged. Multimillion-dollar deals and eye-catching price-per-square-foot numbers grabbed attention.
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This wave of high-value sales shows why buyers keep flocking here. People want sophisticated urban living, historic charm, and that waterfront vibe Jersey City does so well.
Luxury Property Sales Dominate the Week
The week brought 179 residential sales—not a small number. The average price hit $835,304 per home with $619 per square foot, putting Jersey City up there with the region’s priciest markets.
Some properties really stood out. Their sale prices and locations turned heads.
Record-Setting Deals
At the top, a single-family home at 2 Second Street, Unit 3103 changed hands for a wild $2 million. That’s $1,457 per square foot—pretty staggering.
Buyers are clearly willing to pay for prime addresses, killer views, and those next-level amenities. Not far behind, the in-demand condo at 249 Grove Street—1,500 square feet—sold for $1.75 million, or $1,167 per square foot.
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Downtown Jersey City is still a magnet for competitive bidding. No surprises there.
High-End Condo Market Holding Strong
Several other high-value condos moved during this stretch. Each one showed off those elevated price-per-square-foot rates.
Noteworthy Transactions
- 367 Third Street: 2,107 sq. ft., sold for $1.8 million ($854/sq. ft.)
- 43 Provost Street: Sold for $1.675 million ($1,078/sq. ft.), showing there’s plenty of appetite for new developments
- 275 Fifth Street: This 1860-built condo fetched $1.48 million—heritage still matters
- 20 Newport Parkway: Three-bedroom condo went for $1.45 million
- 20 Second Street: A similar-sized condo sold for $1.39 million
- 88 Morgan Street: 1,599 sq. ft. home closed at $1.39 million
- 99 Hudson Street: Waterfront condo brought in $1.358 million
- 107 Shearwater Court E: Spacious 2,506 sq. ft. condo sold for $1.33 million (the lowest in the top ten, but hardly a bargain)
Understanding the Market Drivers
These premium sales give us a peek into what’s fueling demand. Waterfront views, easy access to transit, modern buildings, and preserved historic architecture all play a role.
Jersey City’s lifestyle and culture don’t hurt, either. No wonder buyers with means keep showing up.
Urban Lifestyle Appeal
From the busy city districts of Downtown, Journal Square, and The Heights to those peaceful waterfront spots, Jersey City offers a rare mix of work-life balance. Upscale amenities, endless dining, and a lively arts scene make it hard to resist for folks who want both convenience and character.
Why Luxury Real Estate is Booming Here
The surge in high-end real estate really puts Jersey City on the map as a destination. Many buyers see these homes as both a lifestyle upgrade and a smart investment.
The skyline keeps evolving, and new infrastructure projects are raising the city’s profile. It’s not just a local story anymore.
Living the Jersey City Dream
If you’re thinking about buying or investing, recent sales offer plenty to chew on. Strong per-square-foot pricing points to steady demand.
With more development coming, there’s still room for opportunity—if you’re quick enough to catch it.
Tying It Back to You
If you’re new around here, diving into things to do in Jersey City might actually help you figure out which neighborhood fits your vibe. The city offers everything from food adventures to colorful festivals, so settling in can feel surprisingly rewarding.
Thinking about where to stay in Jersey City matters for visitors, especially if you’re scoping out the area before making a move. Plenty of Jersey City hotels deliver luxury that honestly feels a lot like the best of local living.
Getting here isn’t complicated, either. With solid public transit and easy road access, you can reach Jersey City from New York City or Newark Airport without much hassle.
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Here is the source article for this story: 10 most expensive homes sold in the Jersey City area, Sept. 29