Is Trenton, 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, Trenton was a Seller's Market.
Housing Prices in Trenton, NJ
How much do homes in Trenton, NJ cost?
Median Sold Price
$300,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Trenton was $300,000 in March 2024, up 33.3% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $200K | +11.1% |
2 Bedrooms | $175K | $269K | +53.7% |
3 Bedrooms | $200K | $301.7K | +50.9% |
4 Bedrooms | $270K | $370K | +37.0% |
5+ Bedrooms | $299.5K | $335K | +11.9% |
Summary: Trenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 53.7%, 3 bedroom homes increased by 50.9%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
Trenton | $225K | $300K | +33.3% |
Ewing Township | $300K | $335K | +11.7% |
Hamilton Township | $340K | $366.3K | +7.7% |
Lawrence Township | $400K | $424.8K | +6.2% |
Housing Supply in Trenton, NJ
How many homes are available in Trenton, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
604 | 606 | 0.3% |
Summary: The Trenton real estate market had 606 homes for sale in March 2024, a 0.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 112 | 113 | +0.9% |
3 Bedrooms | 279 | 269 | -3.6% |
4 Bedrooms | 152 | 154 | +1.3% |
5+ Bedrooms | 59 | 67 | +13.6% |
Summary: The Trenton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 77 | -12.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Trenton in March 2024, down by 12.5% month-over-month. Of the 77 sold homes, 31% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Trenton, NJ
How long does it take to sell a home in Trenton, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -8.9% |
Summary: Homes in Trenton had an average of 30 days on market in Mar 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 77 homes were sold in Trenton; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.