Is Princeton Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeton Township is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Princeton Township was a Seller's Market.

Key Takeaway

Princeton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Princeton Township, NJ cost?

Median Sold Price

$1,200,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$102,000(+9.3%)

Key Takeaway

Homes in Princeton Township have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $600K$695K
+15.8%
3 $770K$887.5K
+15.3%
4 $1.0M$1.0M
+0.7%
5+ $1.6M$1.7M
+10.8%

Median Sold Price Compared To Nearby Cities

Princeton
+25.3%
Skillman
+11.9%
Montgomery Township
+9.5%
Princeton Township
+9.3%

How many homes are available in Princeton Township, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
8069-13.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 86
-25.0%
3 1414
0.0%
4 2521
-16.0%
5+ 3328
-15.2%

Number of Homes Sold

Dec 2022Jan 2023%
195-73.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princeton Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
85 Days28 Days-66.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Princeton Township 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.

About Princeton Township, NJ

Homes for sale in Princeton Township, NJ have reached 69. The inventory of homes for sale in Princeton Township, NJ between December 2022 and January 2023 decreased by 13.8%. In January 2023, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $1,200,000. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 15.8%, 3 bedrooms properties prices increased by 15.3%, 4 bedrooms properties became 0.7% more expensive, prices of 5 bedrooms properties increased by 10.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 25%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory decreased by 16%, 5 bedrooms homes became 15.2% less available. In January 2023, from all listings sold in Princeton Township, NJ there were more than 1 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price.

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