$6,401 Closing Credit*
$539,000
1,590 SqFt
2 Beds
•2 Full Baths, 1 Partial
Ingela Kostenbader, Listing Office: Queenston Realty, LLC
Is Princeton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Princeton has remained a Seller'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, NJ
How much do homes in Princeton, NJ cost?
Median Sold Price
$851,199
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$78,949(+10.2%)
Key Takeaway
Homes in Princeton have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Princeton was $851,199 in October 2024, up 10.2% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $210K | +1.0% |
| 2 Bedrooms | $481.5K | $553K | +14.8% |
| 3 Bedrooms | $661K | $730K | +10.4% |
| 4 Bedrooms | $1.0M | $1.1M | +10.2% |
| 5+ Bedrooms | $1.9M | $2.0M | +4.7% |
Summary: Princeton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Princeton | $772.2K | $851.1K | +10.2% |
| Princeton Township | $779.2K | $851.1K | +9.2% |
Housing Supply in Princeton, NJ
How many homes are available in Princeton, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 | 198 | +4.8% |
Summary: The Princeton real estate market had 198 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 50 | 48 | -4.0% |
| 4 Bedrooms | 60 | 66 | +10.0% |
| 5+ Bedrooms | 45 | 51 | +13.3% |
Summary: The Princeton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 45 | +36.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton, you could pay more than the asking price. 62.2% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Princeton in October 2024, up by 36.4% month-over-month. Of the 45 sold homes, 29% were sold under asking, 9% were sold at asking, and 62% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 29 Days | -47.6% |
Summary: Homes in Princeton had an average of 29 days on market in Oct 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Princeton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Princeton; 62% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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