$4,453 Closing Credit*
$375,000
2,250 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kassia Angela Cody, Listing Office: McClure Group Realty LLC
Is Princeton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Princeton was a Buyer's Market.
Key Takeaway
Princeton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Princeton, NC
How much do homes in Princeton, NC cost?
Median Sold Price
$322,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,001(+3.9%)
Key Takeaway
Homes in Princeton have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Princeton was $322,000 in November 2024, up 3.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.2K | $219.9K | -20.9% |
| 3 Bedrooms | $291K | $320K | +10.0% |
| 4 Bedrooms | $365K | $390K | +6.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Princeton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boon Hill Township | $300K | $320.6K | +6.9% |
| Princeton | $309.9K | $322K | +3.9% |
Housing Supply in Princeton, NC
How many homes are available in Princeton, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 60 | +5.3% |
Summary: The Princeton real estate market had 60 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Princeton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Princeton in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 71% were sold at asking, and 7% were sold over asking.
Days on Market for Princeton, NC
How long does it take to sell a home in Princeton, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 143 Days | +93.5% |
Summary: Homes in Princeton had an average of 143 days on market in Nov 2024, up by 93.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Princeton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 14 homes were sold in Princeton; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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