Is Plainsboro, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Plainsboro has remained a Seller's Market.
Housing Prices in Plainsboro, NJ
How much do homes in Plainsboro, NJ cost?
Median Sold Price
$580,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plainsboro was $580,000 in March 2024, up 4.5% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206.5K | $225K | +9.0% |
2 Bedrooms | $310K | $350K | +12.9% |
3 Bedrooms | $582.5K | $635.5K | +9.1% |
4 Bedrooms | $820K | $936.9K | +14.3% |
5+ Bedrooms | $926K | $1.2M | +34.8% |
Summary: Plainsboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 34.8%.
Median Sold Price Compared To Nearby Cities
Plainsboro Township | $530K | $565K | +6.6% |
Plainsboro | $555K | $580K | +4.5% |
West Windsor Township | $770K | $800.5K | +4.0% |
Princeton Junction | $868K | $883K | +1.7% |
Cranbury | $629K | $610K | -3.0% |
Housing Supply in Plainsboro, NJ
How many homes are available in Plainsboro, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 79 | +16.2% |
Summary: The Plainsboro real estate market had 79 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 36 | 33 | -8.3% |
4 Bedrooms | 9 | 19 | +111.1% |
5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The Plainsboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 111.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Plainsboro in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Plainsboro, NJ
How long does it take to sell a home in Plainsboro, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 70 Days | +67.9% |
Summary: Homes in Plainsboro had an average of 70 days on market in Mar 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Plainsboro; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.