Is Trenton, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trenton is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Trenton was a Seller's Market.

Key Takeaway

Trenton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Trenton, NJ cost?

Median Sold Price

$116,625

$82/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

+$11,625(+11.1%)

Key Takeaway

Homes in Trenton have sold for 11.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 $179.9K-
N/A
2 $80K$73K
-8.8%
3 $105K$110K
+4.8%
4 $135K$165K
+22.2%
5+ $145K$192.5K
+32.8%

How many homes are available in Trenton, NJ?

Number of Homes For Sale

Oct 2022Nov 2022%
288256-11.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 4134
-17.1%
3 130113
-13.1%
4 7771
-7.8%
5+ 3837
-2.6%

Number of Homes Sold

Oct 2022Nov 2022%
6040-33.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trenton, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
37 Days28 Days-23.3%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Trenton 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 Trenton, NJ

Homes for sale in Trenton, NJ have reached 256. The number of listings in Trenton, NJ decreased by 11.1% between October 2022 and November 2022. Listings spent 28 days on the market in November 2022, and had a median list price of $116,625 during the same period. Between November 2021 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went down by 8.8%, prices of 3 bedrooms properties increased by 4.8%, prices of 4 bedrooms properties went up by 22.2%, prices of 5 bedrooms properties increased by 32.8%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 50%, 2 bedrooms homes inventory decreased by 17.1%, 3 bedrooms homes inventory decreased by 13.1%, 4 bedrooms homes became 7.8% less available, 5 bedrooms homes became 2.6% less available. Trenton, NJ housing market in November 2022 saw over 13 listings sold above listed price, more than 8 sold at listed price and over 19 sold below.

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