Is Princeton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Princeton Township was a Seller's Market.
Housing Prices in Princeton Township, NJ
How much do homes in Princeton Township, NJ cost?
Median Sold Price
$777,850
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Princeton Township was $777,850 in March 2024, up 17.9% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $210K | -27.6% |
2 Bedrooms | $478.2K | $500K | +4.5% |
3 Bedrooms | $600K | $675K | +12.5% |
4 Bedrooms | $896.5K | $1.1M | +28.3% |
5+ Bedrooms | $1.7M | $1.9M | +12.7% |
Summary: Princeton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
Princeton | $615K | $777.8K | +26.5% |
Princeton Township | $660K | $777.8K | +17.9% |
Skillman | $895K | $975K | +8.9% |
Montgomery Township | $802.6K | $830.9K | +3.5% |
Housing Supply in Princeton Township, NJ
How many homes are available in Princeton Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
200 | 222 | +11.0% |
Summary: The Princeton Township real estate market had 222 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 18 | +20.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 53 | 47 | -11.3% |
4 Bedrooms | 46 | 62 | +34.8% |
5+ Bedrooms | 55 | 63 | +14.5% |
Summary: The Princeton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Princeton Township in March 2024, up by 22.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 52 Days | -6.9% |
Summary: Homes in Princeton Township had an average of 52 days on market in Mar 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Princeton Township; 52% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.