Is Princeton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeton is a seller's market

Buyer's
Market

Difference Since May 2022

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.

How much do homes in Princeton, NC cost?

Median Sold Price

$327,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$77,100(+30.9%)

Key Takeaway

Homes in Princeton have sold for 30.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $157K$141K
-10.2%
3 $257.4K$292K
+13.4%
4 $230K$365K
+58.7%
5+ $277K$435K
+57.0%

Median Sold Price Compared To Nearby Cities

Princeton
+30.9%
Boon Hill Township
+27.1%

How many homes are available in Princeton, NC?

Number of Homes For Sale

Apr 2023May 2023%
3630-16.7%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 21
-50.0%
3 2522
-12.0%
4 86
-25.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2023May 2023%
813+62.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princeton, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

How long does it take to sell a home in Princeton, NC?

How long does it take to sell a home in Princeton, NC?

Average Sale Time

May 2022May 2023%
1 Day50 Days+4992.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Princeton are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Princeton, NC?

About Princeton, NC

Homes for sale in Princeton, NC have reached 30. Between April 2023 and May 2023, Princeton, NC real estate market has seen decrease in the number of listings by 16.7%. In May 2023 median list price was $327,000 and the average listing age was 50 days. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 10.2%, 3 bedrooms properties became 13.4% more expensive, prices of 4 bedrooms properties increased by 58.7%, prices of 5 bedrooms properties increased by 57%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes went down by 12%, the quantity of 4 bedrooms homes went down by 25%, the quantity of 5 bedrooms homes have not changed. In May 2023 more than 2 listings in Princeton, NC were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 4 were sold below.