Is Princeton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Princeton has remained a Neutral Market.
Housing Prices in Princeton, NJ
How much do homes in Princeton, NJ cost?
Median Sold Price
$780,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Princeton was $780,000 in April 2024, up 25.9% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357.5K | $210K | -41.3% |
2 Bedrooms | $455K | $507K | +11.4% |
3 Bedrooms | $610K | $661K | +8.4% |
4 Bedrooms | $870K | $1.1M | +32.2% |
5+ Bedrooms | $1.8M | $1.9M | +5.0% |
Summary: Princeton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Princeton | $619.6K | $780K | +25.9% |
Princeton Township | $660K | $780K | +18.2% |
Housing Supply in Princeton, NJ
How many homes are available in Princeton, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 175 | +21.5% |
Summary: The Princeton real estate market had 175 homes for sale in April 2024, a 21.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 12 | -20.0% |
2 Bedrooms | 22 | 16 | -27.3% |
3 Bedrooms | 37 | 49 | +32.4% |
4 Bedrooms | 39 | 54 | +38.5% |
5+ Bedrooms | 31 | 44 | +41.9% |
Summary: The Princeton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 41.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Princeton in April 2024, down by 6.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Princeton, NJ
How long does it take to sell a home in Princeton, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 24 Days | -48.6% |
Summary: Homes in Princeton had an average of 24 days on market in Apr 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Princeton; 75% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.