$9,488 Closing Credit*
$799,000
1,484 SqFt
3 Beds
•1 Full Bath
Ingela Kostenbader, Listing Office: Queenston Realty, LLC
Is Princeton Township, 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 Township has remained a Seller's Market.
Key Takeaway
Princeton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Princeton Township, NJ
How much do homes in Princeton Township, NJ cost?
Median Sold Price
$851,999
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,498(+10.0%)
Key Takeaway
Homes in Princeton Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Princeton Township was $851,999 in November 2024, up 10% 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 | $1.7M | $1.9M | +6.7% |
Summary: Princeton Township 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 increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Princeton | $770.7K | $851.5K | +10.5% |
| Princeton Township | $774.5K | $851.9K | +10.0% |
| Montgomery Township | $835K | $875K | +4.8% |
| Skillman | $970K | $996K | +2.7% |
Housing Supply in Princeton Township, NJ
How many homes are available in Princeton Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 170 | -13.3% |
Summary: The Princeton Township 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 Township 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 Township, 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 Township 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 Township, NJ
How long does it take to sell a home in Princeton Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +2.2% |
Summary: Homes in Princeton Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in Princeton Township; 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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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.