Is Plainsboro Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Plainsboro Township has remained a Seller's Market.
Housing Prices in Plainsboro Township, NJ
How much do homes in Plainsboro Township, NJ cost?
Median Sold Price
$595,500
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plainsboro Township was $595,500 in May 2024, up 12.3% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207K | $225K | +8.7% |
2 Bedrooms | $340K | $390.2K | +14.8% |
3 Bedrooms | $605K | $645K | +6.6% |
4 Bedrooms | $820K | $948K | +15.6% |
5+ Bedrooms | $926K | $1.3M | +41.5% |
Summary: Plainsboro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 41.5%.
Median Sold Price Compared To Nearby Cities
Plainsboro | $555K | $630K | +13.5% |
West Windsor Township | $743K | $840K | +13.1% |
Plainsboro Township | $530.2K | $595.5K | +12.3% |
Princeton Junction | $835K | $914K | +9.5% |
Cranbury | $610K | $640K | +4.9% |
Housing Supply in Plainsboro Township, NJ
How many homes are available in Plainsboro Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 106 | +7.1% |
Summary: The Plainsboro Township real estate market had 106 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Plainsboro Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Plainsboro Township in May 2024, up by 13.0% month-over-month. Of the 26 sold homes, 4% were sold under asking, 12% were sold at asking, and 85% were sold over asking.
Days on Market for Plainsboro Township, NJ
How long does it take to sell a home in Plainsboro Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 23 Days | -72.4% |
Summary: Homes in Plainsboro Township had an average of 23 days on market in May 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Plainsboro Township; 77% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.