Hudson County
Single Family Homes for December
Key Metrics 2023 2024 Change
New Listings 52 59 + 13.5%
Closed Sales 53 65 + 22.6%
DOM* 41 41 0.0%
Median PX $590K $560K – 5.1%
% of PX 99.9% 101.2% + 1.3%
Inventory 240 219 – 8.8%
Months Supply 4.0 3.7 – 7.5%
*Days on Market
Here’s a summary of the key metrics for single-family homes in Hudson County for December:
- New Listings: Increased by 13.5%, from 52 in 2023 to 59 in 2024.
- Closed Sales: Increased by 22.6%, from 53 in 2023 to 65 in 2024.
- Days on Market (DOM): Remained unchanged at 41 days for both years.
- Median Price (PX): Decreased by 5.1%, from $590K in 2023 to $560K in 2024.
- Percentage of Price (% of PX): Increased by 1.3%, from 99.9% in 2023 to 101.2% in 2024.
- Inventory: Decreased by 8.8%, from 240 in 2023 to 219 in 2024.
- Months Supply: Decreased by 7.5%, from 4.0 months in 2023 to 3.7 months in 2024.
Overall, the market appears to be active with strong buyer demand, but the decrease in median prices and inventory suggests a competitive environment with limited supply. This could lead to continued price adjustments and a dynamic market landscape in 2025.