Weehawken Homes for Sale

In December 2024, Weehawken experienced an 8.3% decline in home prices compared to the previous year, with the median price settling at $665,000. Despite the price drop, market activity showed resilience, with 27 homes sold this December, slightly up from 25 in the same period last year. Homes in Weehawken took an average of 64 days to sell, reflecting a modest increase in market time compared to 58 days last year. This indicates a slightly slower but steady market, offering potential buyers more opportunities to explore options in the area.

Weehawken's real estate market maintains a somewhat competitive edge, with homes typically selling within 60 days. While the average home tends to sell for about 1% below the list price and takes approximately two months to go pending, the market also sees its fair share of high-demand properties. Hot homes, often in prime locations or offering unique features, can sell for about 2% above the asking price and go pending in as little as 21 days. This dynamic creates opportunities for both buyers and sellers to navigate the market strategically.

In December 2024, Weehawken, NJ, showcased a balanced real estate market, indicating that the supply of homes is well-matched with buyer demand. This equilibrium creates a stable environment for both buyers and sellers, where neither party holds a distinct advantage. For buyers, this means a wider selection of properties without intense competition, while sellers can expect fair market pricing and steady interest from prospective purchasers.