$10,000 Closing Credit*
$1,195,000
2,110 SqFt
4 Beds
•2 Full Baths
Richard Samuel Gebbia II, Listing Office: Nexthome Force Realty Partners
Is Princeton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$851,599
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,821(+10.5%)
Key Takeaway
Homes in Princeton have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Princeton was $851,599 in November 2024, up 10.5% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $220K | +5.3% |
| 2 Bedrooms | $473.5K | $553K | +16.8% |
| 3 Bedrooms | $661K | $740K | +12.0% |
| 4 Bedrooms | $1.1M | $1.1M | +7.3% |
| 5+ Bedrooms | $1.9M | $1.9M | -0.6% |
Summary: Princeton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Princeton | $770.7K | $851.5K | +10.5% |
| Princeton Township | $774.5K | $851.9K | +10.0% |
Housing Supply in Princeton, NJ
How many homes are available in Princeton, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 170 | -13.3% |
Summary: The Princeton real estate market had 170 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 32 | 35 | +9.4% |
| 3 Bedrooms | 48 | 37 | -22.9% |
| 4 Bedrooms | 59 | 46 | -22.0% |
| 5+ Bedrooms | 52 | 47 | -9.6% |
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 increased by 9.4%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 9.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 39 | -22.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton, you could pay more than the asking price. 56.4% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Princeton in November 2024, down by 22.0% month-over-month. Of the 39 sold homes, 33% were sold under asking, 10% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +2.2% |
Summary: Homes in Princeton had an average of 37 days on market in Nov 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 39 homes were sold in Princeton; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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